7. Sarah Company acquires common stock of Miriam Enterprises for $400,000 on November 1, 2009, and designates this investment as available-for-sale. The fair value of these shares is $390,000 on December 31, 2009. The fair value of these shares is $450,000 on December 31, 2010. Sarah sells these shares on August 15, 2011, for $480,000. (16 points) a) The journal entries to record acquisition of securities available-for-sale on November 1, 2009: b) The journal entries to measure securities available-for-sale on December 31, 2009: c) The journal entries to measure securities available-for-sale on December 31, 2010. d) The journal entries to record the sale of securities available-for-sale on August 15, 2011. e) How much is the total income from the purchase and sale of these securities is reported and when it is reported