Review the following long-term, equity security transactions of Blanchard Department Stores: (Click the icon to view the transactions.) Requirement 1. Journalize the long-term, equity security transactions of Blanchard Department Stores. a. Purchased 410 shares of Loranger Fine Foods common stock at $33 per share (less than 15% of Loranger's outstanding stock). with the intent of holding the stock for the indefinite future. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit a. i More Info - a. Purchased 410 shares of Loranger Fine Foods common stock at $33 per share (less than 15% of Loranger's outstanding stock), with the intent of holding the stock for the indefinite future. b. Received a cash dividend of $1.70 per share on the Loranger investment. c. At year-end, adjusted the investment account to fair value of $40 per share. d. Sold the Loranger stock for $22 per share