Prepare the general journal entries for the following transactions of Sentient Inc.
a. Purchased 4,000 shares of Proxperity common stock for $15 per share. These securities are publicly traded and Sentient classifies them as trading securities.
b. Received a cash dividend of $0.50 per share from Proxperity
c. Year-end market price of Proxperity common stock is $12 per share.
d. Sold 1,000 shares for $10 per share, the closing price for the day.