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 $$20$ per share.

September $5$ Received a $$2$ cash dividend for each share of Hunt Corporation.

September $27$ Purchased $3,500$ shares of HCA at $$24$ per share.

October $3$ Sold $1,600$ shares of Hunt at $$15$ per share.

October $30$ Purchased $1,300$ shares of Black & Decker at $$48$ 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 $$151,000=$