B-Equity investments During the course of your examination of the financial statements of Doppler Corporation for the vear ended December 31.01 found a new account, "Investments. Your examination revealed that during 2017. Doppler benan a program of investments, and a investment-related transactions were entered in this account. Your analysis of this account for 2017 follows Doppler Corporation Analysis of Investments For the Year Ended December 31, 2017 Date 2017 Debit Credit (a) S220,000 Feb. July Harmon Company Common Stock 14 Purchased 4,000 shares @ $55 per share. 26 Received 200 shares of Harmon Company common stock as a stock dividend. (Memorandum entry in general ledger.) 28 Sold the 200 shares of Harmon Company common stock received July 26 @ 875 per share. (b) Sept. $15,000 Debit Credit $800,000 Apr. Oct. Taber Inc. Common Stock 30 Purchased 20.000 shares a $40 per share. 28 Received dividend of $1.20 per share. $24,000 Additional information: 1. The fair value for each security as of the 2017 date of each transaction follows: Apr 30 Feb 14 S55 25 Security Harmon Co. Taber Inc. Doppler Corp July 26 S62 30 Dec. 31 74 35 Sept. 28 $75 33 28 35 2. All of the investments of Doppler are nominal in respect to percentage of ownership (5% or less). Instructions (1) Prepare necessary correcting journal entries (not year-end adjustments) for transactions related to investments (a) and (b). (2) Prepare the entry, if necessary, to record the proper valuation of the equity security portfolio as of December 31, 2017