$3.$ Kristopher Company began operations in $2014.$ At $12/31/23,$ Kristopher had a debit balance of $$15,000$ in its Allowance for Adjustment to Market.

At January $1,2023,$ Kristopher owned the following securities$,$ accounted for using the fair value method.

Cost

MJO Common $(25,000$ shares$)$ $$650,000$

JKH Preferred $(1,900$ shares$)200,500$

EKH Common $(7,500$ shares$)90,500$

During $2023$ the following events occurred:

$4/3/23$ Sold $3,000$ shares of MJO for $$75,000.$

$9/6/23$ Acquired $1,500$ shares of WVO Common for $$25$ per share.

At $12/31/23,$ the fair values for Kristopher$$s securities were:

MJO Common, $$24$ per share

JKH Preferred, $$103$ per share

EKH Common, $$13$ per share

WVO Common, $$27$ per share

Required:

a$.$ Prepare any journal entries required in $2023$ to record the securities activity, including any required adjusting entries at $12/31/23.$ Show any calculations.

b$.$ Show the financial statement presentation for all securities activity during $2023.$