Analyze and review the following items and determine the appropriate journal entry. Record the journal entry in the excel file labelled journal entries. Use the various tabs in the excel file to record calculations and support for your journal entries.

b. FV-NI Investments At December 31, 2020; the fair value of the short-term investments were: Redemption Corp $12.63 per share ALM Corp $23.98 per share In the excel spreadsheet, see the tab "FV-NI Investments to perform any necessary calculations. 1 2 Purchase 3 Date Description 4 6/15/2020 15,000 shares of Redemption Corp @ $12.65 per share 5 12/05/2020 10,000 shares of ALM Corp @ $21.09 per share 6 7 8 9 COST 189,750.00 210,900.00 400,650.00 co 9