Rolf's Pets Inc. purchased a portfolio of held-for-trading securities during 2014. The cost and fair value of this portfolio on December 31, 2014, was as follows:

On April 3, 2015, Rolf's Pets Inc. purchased 400 shares of Cookies Ltd., at $40.75 per share. On December 31, 2015, the trading security portfolio had the following cost and fair value:

Provide the journal entries to record the following:
a. The adjustment of the held-for-trading investments to fair value on December 31, 2014.
b. The April 3, 2015, purchase of Cookies Ltd. shares.
c. The adjustment of the held-for-trading investments to fair value on December 31, 2015.

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Number of Total Fair Value Total Cost Name Shares Anderson Ltd. Monix Inc. Paster Inc. Total 1,300 900 200 $14,000 $14,000 25.000 8,000 $47,000 $15,500 22.000 9.100 $46,600 Number of Name Total Cost Total Fair Value Shares Anderson Ltd. Cookies Ltd. Monix Inc. Paster Inc. Total $14,200 18,500 24.000 11.600 $68,300 1.300 400 $14.000 $14,000 16,300 25.000 900 200 8.000 $63, 300