Journalize the following long-term non-strategic investment transactions of Solomon.

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Journalize the following long-term non-strategic investment transactions of Solomon Brothers Department Stores assuming the company reports changes in fair value through net income:

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a. Purchased 400 shares of Royal Bank of Canada at $40 per share, with the intent of holding the shares for the indefinite future.

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b. Received cash dividend of $0.50 per share on the Royal Bank of Canada investment

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c. At year-end, adjusted the investment account to current fair value of $35 per share

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d. Sold the shares for the market price of $30 per share?

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