On January 1,2014,Rickson Corporation Purchased 7,500 Shares of AutoTech as a Long-Term

On January 1,2014,Rickson Corporation purchased 7,500 shares of AutoTech as a long-term investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000)shares of AutoTech.Prepare the journal entries for Rickson to record the following transactions and events:
$\begin{array}{|l|l|}\hline\text { December } 31,2014: & \text { AutoTech rep orted net income of } \$ 66,000 \text { for } 2014 . \\\hline \text { February } 1,2015: & \text { Sold } 1,875 \text { of the AutoTech shares for } \$ 34 \text { per share. In addition, } \\\hline & \$ 1,350 \text { in fees and commissions were paid by Rickson on this sale. } \\\hline\text { November } 1,2015: & \text { Rickson received a } \$ 0.90 \text { per share cash dividend from AutoTech. } \\\hline \text { December } 31,2015: & \text { AutoTech reported net loss of } \$ 46,000 \text { for } 2015\\\hline\end{array}$