Journal entries and financial statement presentation of marltetable equity securities.

The following information summarizes data about Dostal Corporation's marketable securities held as current assets and as securities available for sale.

a. Give all journal entries relating to these marketable equity securities during Year 1 and Year 2. assuming that the accounting period is the calendar year.

b. Demonstrate the presentation of marketable securities in the balance sheet and related notes on December 31, Year 1.

c. Demonstrate the presentation of marketable securities in the balance sheet and related notes on December 31. Year 2.

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Market Value Date Acquisition Date Security Acquired Cost Sold Selling Price Dec. 31, Dec. 31, Year 1 Year 2 A. 2/5/Year 1 $60,000 6/5/Year 2 $72,000 $66,000 B 8/12/Year 1 25.000 20,000 $23.000 C 1/22/Year 2 82,000 79.000 D 2/25/Year 2 42,000 6/5/Year 2 39.000 E 3/25/Year 2 75,000 80.000