Use this information to answer the following question. These facts concern the long-term stock investments of Webster Corporation: June 1, 2012 Paid cash for the following long-term investments: 5,000 shares Wayne Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Upshur Corporation common stock (representing 3 percent of outstanding stock) at $24 per share. Dec. 31, 2012 Quoted market prices at year end: Wayne common stock, $35; Upshur common stock, $27. April 1, 2013 A change in policy required the sale of 1,000 shares of Wayne Corporation common stock at $38. July 1, 2013 Received a cash dividend from Upshur Corporation equal to $.30 per share. Dec. 31, 2013 Quoted market prices at year end: Wayne common stock, $39; Upshur common stock, $22.

1. The entry to record the purchase of the Wayne Corporation common stock is:

2. The entry to set up the Allowance to Adjust Long-Term Investments to Market in 2012 is:

3. The entry to record the sale of 1,000 shares of Wayne Corporation common stock is:

4. The entry to adjust the Allowance to Adjust Long-Term Investments to Market in 2013 is: