Julia Barton is responsible for accounting for Equine Inc.’s short-and long-term investments. This is Equine’s first year in business and she reports to you that she has $102,000 of Trading Securities, $500,000 of Bonds that the company bought and intends to hold until they mature in eight years, and $1,200,000 in stocks and bonds that would be classified as Available-for Sale. Julia reports to you that the market values of these securities on December 31, 2019, are Available-for-Sale $1,350,000, Trading Securities $105,000, and Bonds $490,000. Using the Market Value Approach, make the necessary entries for these securities and show how they would be reported on the financial statements.