At December 31. year 1. Charter Holding Co owned the following investments in capital stock of publicly traded companies (classified as available-for-sale securities Current Market Cost s 220,00e 268,eee 156,000 s 388,008 416,080 The Gap, Inc. (4,eee shares: cost, $42 per share; market value, $39) 168,800 In year 2, Charter engaged in the following two transactions Apr. 18 sold 1,eee shares of its investment in u Brands, Inc., at a price of s58 per share, less a brokerage commission of $180. Aug. 7 Sold 2,800 shares of its Investment in The Gap. Inc., at a price of $37 pen share, less a brokerage commission of s1se. At December 31, year 2, the market values of these stocks were: L BrandsI nc, 567 per share; and The Gap, Inc. $37 per share. Required: a-1. Calculate the amount of marketable securities reported in a-2. Calculate the amount of unrealized gain or loss reported in the stockholders' equity section of the asset section of Charter's balance sheet at December 31, year 1 ember 31, year 1 b. Prepare journal entries to record the transactions on April 10 and August 7 C-1. Prior to making a mark-to-market adjustment at the end o control account. (Assume that no unrealized gains or losses have been recognized since last c-2 f year 2. determine the unadjusted balance in the Marketable Securities Prior to making a mark-to-market adjustment at the end of year 2, determine the Unrealized account. (Assume that no unrealized gains or losses have been recognized since last d. Prepare a schedule showing the cost and the market values of securities owned at the end of year 2 e. Prepare the fair value adjusting entry required at December 31. year 2 f-1. Calculate the amount of marketable securities in the balance f-2. Calculate the amount of unrealized hold a. Illustrate the presentation of the net realized aains (or loss Holding Gain (or Loss) on Investments year) sheet at December 31, year 2 lding gain (or loss) in t lance sheet at es) in the vear 2 income statement. Assume a multiole-steo income