already figured out the first one, but can you help finish the last part of the first one?

2)

Listed below are a few events and transactions of Kodax Company Year 1 January 2 Purchased 67,000 shares of Grecco Company common stock for $576,000 cash. Grecco has 201,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodex. September 1 Grecco declared and paid a cash dividend of $1.00 per share. December 31 Grecco announced that net income for the year 13515,400. Year 2 June 1 Grecco declared and paid a cash dividend of $1.50 per share. December 31 Grecco announced that net income for the year is $747,900. December 31 Kodex sold 14,000 shares of Grecco for $180,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company. (Do not round intermediate calculations and round your final answers to the nearest dollar amount.) Cash 576,000 2 September 1 Year Cash Equity method investments 67,000 67,000 3 December 31, Year Equity method investments Earnings from equity method investments 171,800 >IS 171,800 4 June 1. Year 2 100,500 Cash Equity method investments O 100,500 5 249,300 December 31, Year Equity method investments Earnings from equity method investments >> 249,300 6 December 31, Yeat Cash 180,000 Equity method investments Gain on retirement of bonds payable XO The following information shows Carperk Company's individual investments in securities during its current year, along with the December 31 fair values o. Investment in Brava Company bonds $345,500 cost, $375,559 fair value Carperk intends to hold these bonds until they mature in 5 years b. Investment in Baybridge common stock 29.500 shares, $274673 cost $298.570 fair value Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge c. Investment in Duffa bonds $141,655 cost, $152,704 fair value This investment is not readily marketable and is not classified as held to maturity or trading d. Investment in Newton notes $78,774 cost, $77.435 fair value Newton notes are not readily marketable and are not classified as held-to-maturity or trading e. Investment in Farmers common stock 16,300 shares $86,375 cost $91730 fair value. This stock is marketable and Carperk Intends to sell it within the year. This stock investment results in Carperk having an insignificant influence over Farmers, Required: 1. Identify whether each investment should be classified as a short-term or long-term inves ent. For each investment indicate in which of the six investment classifications it should be placed 2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available for sale debt securities prior to this year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Identify whether each investment should be classified as a short-term or long-term investment. For each investment, in in which of the six investment classifications it should be placed. Type of Investment Classification of Long term Investment a b C d d e Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year. View transaction list View journal entry worksheet FREE No Dato General Journal Debit Credit 1 December 31 No Transactie Recorded