Brooks Co, purchases various Investments in trading securities at a cost of $68,000 on December 27, 2017. (This is its first and only purchase of such securities.) At December 31, 2017, these securities had a fair value of $77,000. 1. & 3. Prepare the December 31, 2017 year-end adjusting entry for the trading securities' portfolio and the January 3, 2018, entry when Brooks sells a portion of its trading securities that had originally cost $34,000) for $36,250. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 1 Record the fair vale adjustment for the securities at December 31, 2017 Note: Enter debit before credits General Journal Debit Credit Date Dec 31, 2017 Record entry Clear entry View general Journal