Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31 , prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,600 shares of Hunt Corporation at $22 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,300 shares of HCA at $25 per share. October 3 Sold 1,600 shares of Hunt at $17 per share. October 30 Purchased 1,500 shares of Black \& Decker at $53 per share. December 17 Received a \$3 cash dividend for each share of Black \& Decker. December 31 Fair value of the short-term stock investments is $167,000.=