enCo has the following securities in its investment portfolio onDecember 31, 2014. All these securities were purchased in 2014.

• 800 shares of Benson Inc. common shares, which cost $50,400 andhad a fair value of $52,300 at the end of 2014. JenCo accounts forthis investment as available for sale.
• 3,000 shares of Southgate Inc. common stock, which cost$174,000 and had a fair value of $204,000 at the end of 2014. JenCoaccounts for this investment as available for sale.
• Oppong Corporation 9% bonds, $600,000 par value, purchased for$648,114; amortized cost was $633,001 at the end of 2014. Themarket interest rate had been 6% when the bond was acquired, andinterest is paid annually at the end of each year.

In 2015, the following transactions occurred:

1. February 1 : A dividend of $2 per share was received on theBenson Inc. shares.
2. May 4 : Sold the Southgate Inc. shares for $199,000.
3. July 12 : Purchased 3,000 shares of United Corporation for $63per share. JenCo accounts for this investment as held fortrading.
4. August 18 : 560 Benson Inc. shares were then sold for$39,610.
5. December 31 : The annual interest was received on the OppongCorporation bond; interest revenue is measured using theeffective-interest method.
6. December 31 : Market values at the end of the year: BensonInc., $70 per share, Southgate Inc., $71 per share, and UnitedCorporation, $60 per share.

Prepare journal entries for the 2015 transactions and events.The company records dividends, interest income, amortization andholding gains (losses) separately to facilitate income taxpreparation. Please make sure your final answer(s) are accurate tothe nearest whole number. Enter an appropriate description whenentering the transactions in the journal. Dates must be entered inthe format dd/mmm (ie. January 15 would be 15/Jan).