Jаcksоn Cоmpаny engаged in the fоllowing investment transactions during the current year. February 17Purchased 470 shares of Medical Company common stock for $25 per share plus a brokerage commission of $50. Jackson does not have significant influence over Medical.April 1Bought 27,000 of the 100,000 outstanding shares of Olde Company for $270,000. Goodwill of $77,000 was included in the price.June 25Received a $1.10 per share dividend on Medical Company stock.June 30Olde Company reported second-quarter profits of $17,000.October 1Purchased 1,700 bonds of Alpha Company for $16 per bond plus a brokerage fee of $370. These bonds are classified as securities available-for-sale.December 31Medical Company shares are selling for $30 and Alpha bonds are selling for $13. Required:Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments.