For the following transactions involving investments in marketable securities, assume that:

(1) Ohlson Co. purchases 5,000 common shares of Freeman Co. at $16 cash per share.

(2) Ohlson Co. receives a cash dividend of $1.25 per common share from Freeman.

(3) Year-end market price of Freeman common stock is $17.50 per share.

(4) Ohlson Co. sells all 5,000 common shares of Freeman for $86,400 cash.

a. Prepare journal entries to record the four transactions.

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

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