At December 31, year 1, Charter Holding Co. owned the following investments in capitalstock of publicly traded companies {classified as availablevforasale securities). Cost CurrentMarket Value L Brands, Inc. (5,000 shares: cost, $44 per share; market value, $52} $ 220,000 $ 260,000 The Gap, Inc. {4,000 shares: cost, $42 per share; market value, $39} 166,000156,000 $ 308,000 $ 416,000 In year 2, Charter engaged in the following two transactions. Apr. 10 Sold 1,000 shares of its investment in L Brands, Inc., at a price of $56 per share, lessa brokerage commission of $100. Aug. 3" Sold 2,000 shares of its investment in The Gap, Inc, at a price of $3?"r per share, less a brokerage commission of $150. At December 31, year 2, themarket values of these stocks were: L Brands, Inc., $6? per share; and The Gap, Inc., $3? per share. Required: a?i. Calculate the amount of marketable securities reported in the assetsection of Charter's balance sheet at December 31, year 1. a-2. Calculate the amount ofunrealized gain or loss reported in the stockholders' equity section of Charter's balance sheet at December 31, year 1. b. Prepare journal entries to record the transactions on April 10 andAugust 'F'. cal. Prior to making a markuto—market adjustment at the end of year 2, determine the unadjusted balance in the Marketable Securities control account. [Assume that nounrealized gains or losses have been recognized since last year.) c-«2 Prior to making a mark-tovmarket adjustment at the end of year 2, determine the Unrealized Holding Gain (or Loss) on Investments account. [Assume that no unrealized gains or losses have been recognizedsince