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. .ampkin Inc. was incorporated on Jan. 1, 2017 to produce and sell candy bars. The following ransactions 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