On March 1, 2017, HiTech Industries purchased 10,000 common shares of Integrated Services Company for $20 per share. The following information applies to integrated's price per share:

Required

1. Prepare journal entries to record the facts in the case, assuming that HiTech purchased the shares for the portfolio of securities held for trading.2. Prepare journal entries to record the facts in the case, assuming that HiTech purchased the shares as an investment available for sale.

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Date Price 31/12/2017 31/12/2018 31/12/2019 $17 24