1. Prepare Journal Entries to record the following selected transactions of Lampkin Inc. whose fiscal year-end is December 31, 2019. Show all workings) 2. Show the adjustment entry required on December 31, 2019 Lampkin Inc. was incorporated on Jan 1, 2017 to produce and sell candy bars. The following transactions relate to certain Securities acquired by Lampkin Inc., which has a fiscal year ending on December 31: 2018 . Feb. 10. Purchased 8,000 shares of the 150,000 outstanding shares of Dames Corporation at $36 per share. The brokerage commission amounted to $864 July 15. Received a cash dividend of $2.25 per share from Dames Corporation Dec. 31. The market value of Dames Corporationshareswas $33 per share. . 2019 Jan. 3. Purchased 30,000 of the 150,000 shares outstanding of Betty D Inc., $675,000. July26. Sold 1,000 shares of Dames Corporation shares for $32 per share. The brokerage commission amounted to $125. Dec 22. Received a cash dividend of 40 cents per share from Betty D Inc . Dec.30. The market prices of Dames Corporation and Betty D Inc were $38 per share and $18 per share respectively. 13@.75PS