Response to the following problem:
Journalize the following long-term available-for-sale investment transactions of Cordant Communications. Explanations are not required.
a. Purchased 400 shares (8%) of Marcor Corporation common stock at $38 per share, with the intent of holding the stock for the indefinite future.
b. Received cash dividend of $1 per share on the Marcor investment.
c. At year-end, adjusted the investment account to current market value of $45 per share.
d. Sold the Marcor stock for the market price of $40 per share.