1,300 shares of Willhite Corporation common stock		$71,500
1,400 shares of Hutcherson Corporation common stock		88,200
1,300 shares of Downing Corporation preferred stock		33,800

On December 31, 2017, the total cost of the portfolio equaled total fair value. Frederick had the following transactions related to the securities during 2018.

Jan.	20		Sold all 1,300 shares of Willhite Corporation common stock at $58 per share.
	28		Purchased 540 shares of $69 par value common stock of Liggett Corporation at $77 per share.
	30		Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock.
Feb.	8		Received cash dividends of $0.40 per share on Downing Corp. preferred stock.
	18		Sold all 1,300 shares of Downing Corp. preferred stock at $25 per share.
July	30		Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock.
Sept.	6		Purchased an additional 950 shares of $10 par value common stock of Liggett Corporation at $81 per share.
Dec.	1		Received a cash dividend of $1.20 per share on Liggett Corporation common stock.

At December 31, 2018, the fair values of the securities were:

Hutcherson Corporation common stock		$67 per share
Liggett Corporation common stock		$71 per share

a)Post to the investment accounts. (Use T-accounts.)

b) Prepare the adjusting entry at December 31, 2018 to report the portfolio at fair value

c) Show the balance sheet presentation at December 31, 2018, for the investment-related accounts.