During the year ended December 31, 2024, Mead Investment Corporation, a public company, had the following transactions related to investments held for trading: 

Feb. 1 Purchased 2,400 Lemelin common shares for $63,600. 

Mar. 1 Purchased 600 RSD common shares for $7,500. 

Apr. 1 Purchased $100,000 of MRT 4% bonds at par. Interest is payable semi-annually on April 1 and October 1. 

July 1 Received a cash dividend of $2 per share on the Lemelin common shares. 

Aug. 1 Sold 1,600 Lemelin common shares at $25 per share. 

Oct. 1 Received the semi-annual interest on the MRT bonds. 

2 Sold the MRT bonds for 101. 

Dec. 31 The fair values of the Lemelin and RSD common shares were $28 and $14 per share, respectively.

Instructions 

a. Record the transactions and any required year-end adjusting entries. 

b. Show the financial statement presentation of the trading investments and any related accounts in Mead’s financial statements for the year ended December 31, 2024.