At December 31, year 1, Westport in the capital stock of publicly owned companies (all classified as available-for-sale securities). Co. owned the following investments Current Market Cost Lamb Computer, Inc. (1,000 shares: cost, $36 per share; market value, $60) Dry Foods (5,000 shares: cost, S10.80 per share; market value, S9.60) Totals S36,000 $60,000 48,000 $90,000 $108,000 54,000 In year 2, Westport engaged in the following two transactions. Sold 100 shares of its investment in Lamb Computer at a price of S66 per share, less a brokerage commission of $24. Apr. 6 Sold 2,500 shares of its Dry Foods stock at a price of $8.40 per share, Apr.20 less a brokerage commission of $24 At December 31, year 2, the market values of these stocks were: Lamb Computer, $48 per share; Dry Foods, $8.40. Instructions Illustrate the presentation of marketable securities and the unrealized holding gain or loss in Westport's balance sheet at December 31, year 1. Include a caption indicating the section of the balance sheet in which each of these accounts appears. a. b. Prepare journal entries to record the transactions on April 6 and April 20. Prepare a schedule showing the cost and market values of securities owned at the end of year 2. (Use the same format as the schedule illustrated.) c. d. Prepare the fair value adjusting entry required at December 31, year 2