Assignment 15-2 3 Saved Help Save & Exit Submit Check my work 10 points eBook References A corporation had the following transactions involving stock investments with insignificant influence during the year. Prior to these transactions, this corporation had. never had any investments. February 16 Purchased 965 shares of HM Corporation stock at $25 per share. February 26 Purchased 665 shares of Tugg Company stock at $16 per share. March 2 Received a $0.80 per share dividend from the HM Corporation. March 28 Sold 310 shares of HM Corporation stock for $28 per share. April 20 Sold 260 shares of Tugg Company stock at $15 per share. December 31 HM stock has a fair value of $27 per share, and Tugg stock has a fair value of $14 per share. Prepare the required journal entries to record these transactions. Also prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short- term stock investments. Note: Round to nearest whole dollar. View transaction list Journal entry worksheet HM stock has a fair value of $27 per share, and Tugg stock has a fair value of $14 per share. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Fair value adjustment - Stock Unrealized gain-Income Record entry Clear entry View general journal