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. Apr. 16 Purchased 4,000 shares of Gem Co. stock at $26.00 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $50.00 per share. 20 Purchased 1,000 shares of Xerox stock at $18.00 per share. Aug. 15 Received a(n) $0.80 per share cash dividend on the Gem Co. stock. 28 Sold 2,000 shares of Gem Co. stock at $32.75 per share. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $0.95 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.20 per share cash dividend on the PepsiCo shares. Required: 1. Prepare journal entries to record the preceding transactions and events_.