All Corp. completed the following investment transactions during 2019 and 2020:

2019

Dec. 12 Purchased 1,500 shares of Blackmore Ltd. at a price of $62.00 per share, intending to sell the investment within the next year. Brokerage commission fees were $510.

21 Received a cash dividend of $0.48 per share on the Blackmore Ltd. shares.

31 Adjusted the investment to its fair value of $61.50 per share.

2020

Jan. 16 Sold the Blackmore Ltd. shares for $59.00 per share, less brokerage commissions of $490.

1. Classify All Corp.’s investment as short-term or long-term.

2. Journalize All Corp.’s investment transactions. Explanations are not required.