View Policies Current Attempt in Progress Ivanhoe Corporation made the following cash purchases of securities during 2020, which is the first year in which Ivanhoe invested in securities. 1. 2. 3. On January 15, purchased 11,800 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,344. On April 1, purchased 5,900 shares of Vicario Co's common stock at $52 per share plus commission $3,969. On September 10, purchased 8,260 shares of WTA Co.'s preferred stock at $26.50 per share plus commission $5,790. On May 20, 2020, Ivanhoe sold 4,248 shares of Sanchez Company's common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $4,543. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Ivanhoe told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases. Prepare the journal entries to record the above three security purchases. (Round answers to O decimal places, e.g. 2,500. Credit account titles are automatically indented when 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.) Jan. 15, 2020 No. Apr. 1, 2020 Account Titles and Explanation Sep. 10, 2020 (1) Debit Cr