Sheridan Inc. had these transactions pertaining to investments in common stock. Purchased 1,320 shares of Gate Corporation common stock (5% of outstanding shares) for $66,000 cash. Received a cash dividend of $7 per share. Jan. 1 July 1 Dec. 1 Sold 880 shares of Gate Corporation common stock for $45,760 cash. 31 Received a cash dividend of $7 per share. Joumalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Do not round intermediate values. Round final answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit