Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence.

April 16 Purchased 8,000 shares of Gem Company stock at $23.75 per share.

July 7 Purchased 4,000 shares of PepsiCo stock at $52.00 per share.

July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share.

August 15 Received a $0.95 per share cash dividend on the Gem Company stock.

August 28 Sold 4,000 shares of Gem Company stock at $30.50 per share.

October 1 Received a $1.60 per share cash dividend on the PepsiCo shares.

December 15 Received a $1.10 per share cash dividend on the remaining Gem Company shares.

December 31 Received a $1.40 per share cash dividend on the PepsiCo shares.

The year-end fair values per share are Gem Company, $26.00; PepsiCo, $49.25; and Xerox, $15.00.

Prepare journal entries to record the proceeding transactions and events