Rose Company had no short$-$term investments prior to this yearIt had the following transactions this year involving short$-$ term stock Investments with insignificant influence. April $16$ Purchased $6,000$ shares of Gem Company stock at $$25\mathrm{.}75$ per share. July $7$ Purchased $3,000$ shares of PepsiCo stock at $$46\mathrm{.}00$ per share. July $20$ Purchased $1,500$ shares of Xerox stock at $$19\mathrm{.}00$ per share. August $15$ Received a $8\mathrm{.}95$ per share cash dividend on the Gem Company stock. August $28$ Sold $3,000$ shares of Company stock at $$32\mathrm{.}50$ per share. October $1$ Received a $$2\mathrm{.}00$ per share cash dividend on the PepsiCo shares. December $15$ Received a $$1\mathrm{.}10$ per share cash dividend on the remaining Gem Company shares. December $31$ Received a $$1\mathrm{.}30$ per share cash dividend on the PepsiCo shares. The year$-$end fair values per share are Gem Company$$28\mathrm{.}00$ PepsiCo, $43\mathrm{.}25$and Xerox, $$16\mathrm{.}00$ Problem $15-4$A $($Algo$)$ Part $1$ Required: Prepare journal entries to record the preceding transactions and events.