Ryckman Incorporated purchased 600 common shares of Minerva Inc. for $45,000 and accounted for them using the fair value through other comprehensive income model.During the year, Minerva paid a cash dividend of $4.50 per share.At year end, Minerva shares had a fair value of $64.50 per share.

Make Ryckman's journal entries to record:

The purchase of the investment

The dividends received

The fair value adjustment at the end of the year