Blouin Company had the following transactions and adjustment related to a stock investment that is a trading security.

2018

Nov. 15  Purchased 10,000 shares of Lane, Inc.'s common stock at $17 per share plus a brokerage commission of $1,200. Blouin expects to sell the stock in the near future.

Dec. 22  Received a cash dividend of $1.00 per share of common stock from Lane.

 31   Made the adjusting entry to reflect year-end fair value of the stock investment in Lane. The year-end fair value of the Lane common stock is $15.50 per share.

2019

Jan. 20   Sold all 10,000 shares of the Lane common stock for $150,000.

a. Prepare journal entries to record these transactions.

b. Post the journal entries from a to their respective T-accounts.

c. Record each of the transactions in the financial statement effects template.