In early 2017, Nordy Corporation found itself with idle cash

In early 2017, Nordy Corporation found itself with idle cash that it decided to invest in the shares of another business. The following events transpired in 2017 and 2018:

2017

Feb. 1 Nordy Corporation purchased 1,000 shares in White Corporation at 15.45 per share. This investment was classified as a short-term investment.

Nov. 15 A dividend of $1 per share was received on the White Corporation shares.

Dec. 31 This is the end of the fiscal year for Nordy Corporation. On this date the White Corporation shares were worth 16.50 per share.

2018 Jan. 27 Nordy Corporation sold 500 White Corporation shares for 17.50 per share.

Prepare journal entries for the above transactions.

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