Your task is record selected transactions for STONEWALL CORPORATION for 2021.

Stonewall purchased 100 shares of Marsh Corporations common stock for $85 per share September 30, 2021. Marsh has a total of 500 shares of common stock outstanding. Most of that stock is held by Kevin Marsh, the founder and CEO of the company. On December 15, Stonewall received $1,000 in dividends from Marsh. On December 31, Marshs stock was selling for $81 per share but Stonewall has no intentions of selling the stock anytime in foreseeable future. Marshs 2021 net income was $780,000.

Prepare any required journal entries, and show all supporting calculations.