Westwind Corporation purchased 400 common shares of Dudley Inc. for $13,200 on February 21. Westwind paid a 1% commission on the share purchase and, because the shares were not publicly traded, decided to account for them following the cost model. On June 30, Dudley declared and paid a cash dividend of $1.50 per share.

Required

Prepare Westwind Corporation's journal entries to record

1. The purchase of the investment,
2. The dividends received, and
3. The sale of the Dudley Inc. shares in early January the following year for $15,100 less a 1% commission paid on the sale.