Check my work mode : This shows what is correct or incorrect for the work you have completed so for it does not Indicate completion. Return to question 1 Carlsville Company, which began operations in 2017, invests its idle cash in trading securities. The following short-term investments in trading securities transactions are from its 2017 6.25 points an. 28 Purchased 900 shares of Fard Motor Co. at 526 per share plus $125 comnission Feb. 9 Purchased 2, 700 shares of Lucent at 531 per share plus $195 commission Oct. 12 Purchased 748 shares of Z-Seven at 58.10 per share plus a $95 comicsion Dec. 32 Fair value of the short-term investments in trading securitles 1 investments in trading securitles is $118,700 2018 Apr, 15 Sold 988 shares of Fard Motor Co. at 531 per share less o 5309 commission. uly 5 Sold 740 shares of Z-Seven at $10.58 per share less a $100 commission duly 22 Purchased 1, s00 shares of Hunt Corp, at 539 per share plus $220 comnission. Aug. 19 Purchased 1,8e0 shares of Donna Karan at $49.80 per share plus a $185 conmission Dec. 31 Pair value of the shart-term investments in trading securitles is $238,32 2019 Feb. 27 Purchased 3,980 shares of HCA at $48 per share plus $440 commission. Mar. 3 Sold 1,800 shares of Hunt at 534 per share less a 12 commission une 21 Sold 2,70e shares of Lucent at $28-75 per share less s37 commission 7une 3e Purchased 1,200 shares of Black & Decker at $47.5e per share plus $600 comnmisso Nov 1 Sold 1,80e shares of Dones Karan a: $49.00 per share less$124 commissLom Dec. 31 Fair value of the short-term investments in treding securities is $221,100. Required: Prepare journal entries to record these short-term investment activities for the years shown. On December 31 of each year prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities (if no entry is required for a of Next ESP