The following transactions and information pertain to Trout Corporation for 20x7 and 20x8. 20x7

May 1 Purchased 3,000 shares of Jackson's Corporation common stock at $32 per share representing 2 percent of Jackson's total outstanding stock) as a long-term investment.

Sept. 1 Received a cash dividend from Jackson's equal to $1.40 per share.

Dec. 31 Market value of Jackson stock at year end was $24 per share. 20x8

Sept. 1 Received a cash dividend from Jackson equal to $1.40 per share.

Nov. 1 Sold 300 shares of Templin at $26 per share.

Dec. 31 Market value of Jackson stock at year end was $22 per share.

Prepare entries in journal form, without explanations, to record the above. Trout's accounting year ends December 31.