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he investments of Charger Inc. include a single investment: 14,500 shares of Raiders Inc. common stock purchased on February 24, 2014, for $38 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, 2014, balance sheet date, the share price had increased to $42 per share.

Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, 2014.