12-2A In January 2017 , the management of Stefan Company SE concludes that it has sufficient cash to permit some short-term investments in debt and share securities. During the year, the following transactions occurred. Feb. 1 Purchased 600 ordinary shares of Superior for 32,400. 5400 Mar. 1 Purchased 800 ordinary shares of Pawlik for 20,400. Apr. 1 Purchased 501,000,7% Venice bonds for 50,000. Interest is payable annually on October 1. July 1 Received a cash dividend of 0.60 per share on the Superior ordinary shares. Aug. 1 Sold 200 ordinary shares of Superior at 57 per share. Sept. 1 Received a 1 per share cash dividend on the Pawlik ordinary shares. Oct. 1 Received the interest on the Venice bonds. Oct. 1 Sold the Venice bonds for 49,000. At December 31 , the fair value of the Superior ordinary shares was 55 per share. The fair value of the Pawlik ordinary shares was 24 per share. Instructions (a) Journalize the transactions and post to the accounts Debt Investments and Share Investments. (Use the T-account form.) (b) Prepare the adjusting entry at December 31, 2017, to report the investment securities at fair value. All securities are considered to be trading securities. (c) Show the statement of financial position presentation of investment securities at December 31,2017 (d) Identify the income statement accounts and give the statement classification of each account