Calculator Fair Value Journal Entries, Trading Investments Last Unguaranteed Financial Inc. purchased the following trading securities during Year 1, its first year of operations: Number of Shares Cost Name Arden Enterprises Inc. 4,300 $87,720 French Broad Industries Inc. 1,100 16,830 Pisgah Construction Inc. 900 20,700 $125,250 Total The market price per share for the trading security portfolio on December 31, Year 1 was as follows: Market Price per Share Dec. 31, Year 1 $26 Arden Enterprises Inc. French Broad Industries Inc. 16 Pisgah Construction Inc. 21.5 a. Provide the journal entry to adjust the trading security portfolio to fair value on December 31, Year 1. If no entry is required, select "No entry required and leave the amount boxes blank Year 1, Dec. 31