On February 22, Stewart Corporation acquired 12,000 shares of the 400,000 outstanding shares of Edwards Co. common stock at $50 plus commission charges of $120. On June 1, a cash dividend of $1.40 per share was received. On November 12, 4,000 shares were sold at $62 less commission charges of $100. Using the cost method, journalize the entries for (a) the purchase of stock, (b) the receipt of dividends, and (c) the sale of 4,000 shares. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTSStewart CorporationGeneral Ledger ASSETS110 Cash111 Petty Cash120 Accounts Receivable121 Allowance for Doubtful Accounts131 Notes Receivable132 Interest Receivable141 Merchandise Inventory145 Office Supplies146 Store Supplies151 Prepaid Insurance161 Investments-Edwards Co. Stock165 Valuation Allowance for Trading Investments166 Valuation Allowance for Available-for-Sale Investments181 Land191 Store Equipment192 Accumulated Depreciation-Store Equipment193 Office Equipment194 Accumulated Depreciation-Office EquipmentLIABILITIES210 Accounts Payable221 Notes Payable231 Interest Payable241 Salaries Payable251 Sales Tax PayableEQUITY311 Common Stock312 Paid-In Capital in Excess of Par-Common Stock321 Preferred Stock322 Paid-In Capital in Excess of Par-Preferred Stock331 Treasury Stock332 Paid-In Capital from Sale of Treasury Stock340 Retained Earnings350 Unrealized Gain (Loss) on Available-for-Sale Investments351 Cash Dividends352 Stock Dividends390 Income SummaryREVENUE410 Sales611 Interest Revenue612 Dividend Revenue621 Income of Edwards Co.631 Gain on Sale of Investments641 Unrealized Gain on Trading InvestmentsEXPENSES511 Cost of Merchandise Sold512 Bad Debt Expense515 Credit Card Expense516 Cash Short and Over520 Salaries Expense531 Advertising Expense532 Delivery Expense533 Repairs Expense534 Selling Expenses535 Rent Expense536 Insurance Expense537 Office Supplies Expense538 Store Supplies Expense561 Depreciation Expense-Store Equipment562 Depreciation Expense-Office Equipment590 Miscellaneous Expense710 Interest Expense721 Loss of Edwards Co.731 Loss on Sale of Investments741 Unrealized Loss on Trading Investments