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All Corp. completed the following investment transactions during 2022 and 2023: 2022 Dec.12...

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Accounting

All Corp. completed the following investment transactions during 2022 and 2023:
2022
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.
31Adjusted the investment to its fair value of $61.50 per share.
2023
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.

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