3 of 7 ing the year ended December 31, 2021, and in the following months of January and February 2022, Uli Inc. had the folowing transactions pertaining to its trading investments Apr. 1 July 1 2 Oct. 1 8 2 Nov 22 Dec. 31 Jan 31 Feb 15 Purchased 2.000 Starr Corporation $5, preferred shares for $206,000 cash Received quarterly cash dividend. Sold 500 Starr shares for $58,500 cash Received quarterly cash dividend Starr declared the quarterly dividend on November 22, to preferred shareholders of record on December 15, payable on January 1. Starr's shares were trading at $118 per share. Due to an urgent need for cash, 700 Starr Corporation shares were sold despite a drop in the share price to $88 per share Uli sold an additional 500 Starr shares after the market recovered to $120 per share. (a-b) Record the above transactions, using the fair value through profit or loss model. Prepare any required adjusting entries at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)