Information relating to the marketable equity securities of Webster Corporation is summarized below:

a Give all journal entries relating to these marketable equity securities during 1979 and 1980, assuming that the calendar year is the accounting period.
b Indicate the manner in which marketable securities would be presented in the balance sheet and related notes on December 31, 1979.
c Indicate the manner in which marketable securities would be presented in the balance sheet and related notes on December 31, 1980.

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Market Value Date Security Acquired W 10/15/79 Acquisition Cost $142,000 Date Sold 2/15/80 Selling Price $136,000 Dec. 31, Dec. 31, 1979 $140,000 1980 12/28/79 56,000 11/28/80 59,000 56,500 Y 2/15/80 136,000 $139,000 Z 11/28/80 59,000 58,000