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Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 590 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Jackson does not have significant influence over Medical. April 1 Bought 39,000 of the 100,000 outstanding shares of Olde Company for $390,000. Goodwill of $89,000 was included in the price. June 25 Received a $1.20 per share dividend on Medical Company stock. June 30 Olde Company reported second-quarter profits of $29,000. Oct. 1 Purchased 2,900 bonds of Alpha Company for $15 per bond plus a brokerage fee of $490. These bonds are classified as securities available for sale. Dec. 31 Medical Co. shares are selling for $25 and Alpha stock is selling for $12. Required: Prepare the appropriate journal entries to record the transactions for the year including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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