Apple had the following available for sale securities in its portfolio at 1/1/16

	shares	cost@
CNN	1,000	$16	$16,000
NBC	900	$19	$17,100
Fox	600	$10	$6,000
total at cost			$39,100
SFVA			-2,200
total at FMV			36,900

During 2016:

- 3/31/16 NBC paid $1 dividend per share

- 4/30/16 Apple sold 500 shares of Fox for $15 a share

- 5/15/16 Apple bought 100 more shares of CNN at $12 per share

- 12/31/16 FMVs per share were:

CNN $10

NBC $9

Fox $19

during 2017:

2/1/17 Apple sold the remaining Fox shares for $19

3/31/17 NBC paid $1 dividend per share

12/21/17 CNN declares a cash dividend of $1 per share to be paid JANUARY 2018

12/31/17 FMV per share

CNN $8

NBC $7

prepare all necessary journal entries and adjusting journal entries for these investment in 2016 and 2017

prepare the pertinent portions of the balance sheet as of 12/31/17 (all account which are impacted by these investments)