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 Corp. at $$30$ per share.

Sept. $5$ Received a $$2$ cash dividend for each share of Hunt Corp.

Sept. $27$ Purchased $3,400$ shares of HCA at $$34$ per share.

Oct. $3$ Sold $1,600$ shares of Hunt at $$25$ per share.

Oct. $30$ Purchased $1,200$ shares of Black & Decker at $$50$ per share.

Dec. $17$ Received a $$3$ cash dividend for each share of Black & Decker.

Dec. $31$ Fair value of the short$-$term stock investments is $$180,000.$