GL1501 (Algo) - Based on Problem 15-4A LO P4 BGJ Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 4,500 shares of OnPoint Company stock at $30 per share. July 7 Purchased 3,000 shares of Eco Company stock at $55 per share. July 20 August 15 August 28 October 1 December 15 December 31 Purchased 1,400 shares of Lafayette Company stock at $22 per share. Received an $1.10 per share cash dividend on the OnPoint Company stock. Sold 2,700 shares of OnPoint Company stock at $33 per share. Received a $5.20 per share cash dividend on the Eco Company shares. Received a $1.30 per share cash dividend on the remaining OnPoint Company shares.. Received a $4.60 per share cash dividend on the Eco Company shares. Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact General Journal tab - Prepare the required journal entries for each of the transactions of BG) Corporation for the current year. Prepare the adjustment to fair value for the available-for-sale portfolio. General Ledger and Trial Balance tabs -The cost of each of the available-for-sale securities can be found on the General Ledger and/or Trial balance tabs. Fair Value Adjustment tab - Calculate the total cost and total fair value of the available-for-sale portfolio, and then use the 3-step adjusting entry process to calculate the amount of the year-end adjustment to fair value. Transaction Analysis tab - For each transaction, indicate the total impact on assets and equity. If equity changed, indicate whether the change was a component of income or a direct component of stockholders' equity. Financial Statement Impact tab Prove the accuracy of the totals on the Transaction Analysis tab by selecting the account titles that report the total change in income and equity.