Brooks Co purchases debt investments as trading securities at a cost of $54,000 on December 27. This is its first and only purchase of such securities. At December 31, these securities had a fair value of $73.000. 1. Prepare the December 27 entry for the purchase of debt investments 2 & 3. Prepare the December 31 year-end fair value adjusting entry for the trading securities' portfolio and the January 3 entry when Brooks sells a portion of its trading securities (costing $27.000) for $31750 cash Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Prepare the December 27 entry for the purchase of debt investments View transaction list Journal entry worksheet