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. July 26. 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