Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its chort-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 1,400 shares of Hunt Corporation at $26 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. Septenber 27 Purchased 3,200 shares of HCA at $29 per share. october 3 Sold 1,400 shares of Hunt at \$21 per share. october 30 Purchased 1,200 shares of Black \& Decker at $54 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 $162,000