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Crane Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased...

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Crane Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,100 shares of Escalante Corporation common stock (6\%) for $249,280 cash. July 1 Received a cash dividend of $4 per share. Dec. 1 Sold 820 shares of Escalante Corporation common stock for $52,480 cash. Dec. 31 Received a cash dividend of $4 per share. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter O for the amounts.)

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