2017 Jan. 20 Purchased 1,000 shares of Ford Motor Co. at $27 per share plus a $130 ussion. Feb. 9 Purchased 2,900 shares of Lucent at $31 per share plus a $195 commission 0ct. 12 Purchased 740 shares of Z-Seven at $7.60 per share plus a 100 commission. Dec. 31 Fair value of the short-term investnents in trading securities is $126, 300. 2018 Apr. 15 Sold 1, 000 shares of Ford Motor Co. at $31 per share less a $290 conmission. July 5 Sold 740 shares of Z-Seven at $10.25 per share less a $95 commission. July 22 Purchased 1,900 shares of Hunt Corp. at $33 per share plus a $220 comnission. Aug. 19 Purchased 1,800 shares of Donna Karan at $43. 00 per share plus a $105 comnission. Dec. 3 Fair value of the short-term investnent s in trading securities is $224, 790. 2019 Feb. 27 Purchased 3,800 shares of HCA at $34 per share plus a $430 commission ar Sold 1, 900 shares of hunt at $28 per share less a $130 commission June 2 Sold 2, 900 shares of Lucent at $28.75 per share less a $37 commission. June 30 Purchased 1,200 shares of Black & Decker at $47.50 per share plus a $595 commission Nov. Sold 1, 800 shares of Doma Karan at $43.00 per share less a $124 conmission. Dec. 3 Fair value of the short-term investnents in trading securities is $191, 900. Required: Prepare journal entries to record these short-term investment activities for the years shown. On December 31 of each year, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.) Complete this question by entering your answers in the tabs belovw 2017 2018 2019 Prepare journal entries to record these short-term investment activities for the years shown. On December 31 of each year prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities No General Journal Debit Credit Feb 27 Short-term investments-Trading (HCA) 129,630 Cash 129,630 Mar 03 Cash 53,070 Loss on sale of short-term investments 9,850 Short-term investments-Trading (Hunt) 62,920 Jun 21 Cash 83,338 Loss on sale of short-term investments 6,757 Short-term investments-Trading (Lucent) 90,095 Jun 30 Short-term investments-Trading (B&D) 57,595 Cash 57,595 Nov 01 Cash 77,276 229 Loss on sale of short-term investments Short-term investments-Trading (D.Karan) 77,505 6 Dec 31 Fair value adjustment-Trading (ST) 13,756 Unrealized gain-Income 13,756