The following securities are in Sheridan Companys portfolio of long-term securities at December 31, 2020.

		Cost
1,500 shares of Willhite Corporation common stock		$82,500
1,500 shares of Hutcherson Corporation common stock		96,000
1,300 shares of Downing Corporation preferred stock		39,000

On December 31, 2020, the total cost of the portfolio equaled total fair value. Sheridan had the following transactions related to the securities during 2021.

Jan.	20		Sold all 1,500 shares of Willhite Corporation common stock at $58 per share.
	28		Purchased 600 shares of $70 par value common stock of Liggett Corporation at $78 per share.
	30		Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock.
Feb.	8		Received cash dividends of $0.50 per share on Downing Corp. preferred stock.
	18		Sold all 1,300 shares of Downing Corp. preferred stock at $29 per share.
July	30		Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock.
Sept.	6		Purchased an additional 970 shares of $15 par value common stock of Liggett Corporation at $82 per share.
Dec.	1		Received a cash dividend of $1.40 per share on Liggett Corporation common stock.

At December 31, 2021, the fair values of the securities were:

Hutcherson Corporation common stock		$68 per share
Liggett Corporation common stock		$72 per share

Prepare journal entries to record the transactions.