account P16.5 (LO 2, 3) The following securities are in Pascual SA's portfolio of long-term non-trading securities at December 31, 2019. 1,000 shares of Reginald SA ordinary shares 1,400 shares of Elderberry A/S ordinary shares 1,200 shares of Mattoon AG preference shares 30 Feb. 8 On December 31, 2019, the total cost of the portfolio equaled total fair value. Pascual had the following transactions related to the securities during 2020. Jan. 20 Sold all 1,000 ordinary shares of Reginald at R$54.80 per share. 28 Cost R$52,000 84,000 33.600 Purchased 400 R$70 par value ordinary shares of Hachito Ltd. at R$79.20 per share. Received a cash dividend of R$1.05 per share on Elderberry ordinary shares. Received cash dividends of R$0.40 per share on Mattoon preference shares. Sold all 1.200 preference shares of Mattoon at R$26.30 per share. July 30 Received a cash dividend of R$1.00 per share on Elderberry ordinary shares. Sept. 6 Purchased an additional 600 R$70 par value ordinary shares of Hachito at R$82 per share. Dec. 1 Received a cash dividend of R$1.35 per share on Hachito ordinary shares. At December 31, 2020, the fair values of the securities were: Elderberry A/S ordinary shares Hachito Ltd. ordinary shares R$64 per share R$72 per share Instructions a. Prepare journal entries to record the transactions. b. Post to the investment account. (Use T-account.) c. Prepare the adjusting entry at December 31, 2020 to report the portfolic at fair value. Also prepare the required closing entry related to the investment securities. d. Show the statement of financial position presentation at December 31, 2020, for the investment- related accounts. Journalize share investment transactions and show statem presentation. a. Gain on sale of share investments R$2,800 c. Unrealized loss R$3,280