Barcode, Inc. is a global investment company that started its operations on January 1, 2020. The following transactions related to the share investment made by Barcode, Inc in 2020 and 2021.

Year 2020

Feb. 14 Purchased 5,000 shares of Study Inc. as a trading security at $26 per share plus a brokerage commission of $200.

Apr. 1 Purchased 2,300 shares of Ares Inc. as a trading security for $46,000 per share plus a brokerage commission of $100.

27 Received an annual dividend of $0.20 per share on Study Inc. stock.

Dec. 31 The portfolio of trading securities was adjusted to fair values of $33 and $18.50 per share for Study Inc. and Ares Inc., respectively.

Year 2021

Mar. 14 Purchased 30% of Athena Inc. for $20,000 plus a $120 brokerage commission. Barcode, Inc. purchased the Athena Inc. shares in order to influence Athena Incs strategic decisions in the long term.

July 30 Sold 2,000 shares of Study Inc. for $32 per share less a $50 brokerage commission.

Dec. 31 The net income of Athena Inc. is $10,000

Dec. 31 The fair value of Study, Inc.s and Ares, Inc.s are $31 and $19.5 per share respectively. The fair value of Athena Incs shares are $22,000 for all shares owned by Barcode, Inc.

Instructions

Journalize the entries to record these transactions. How are unrealized gains or losses on trading investments presented in the financial statements of Barcode Inc.?