Carlsville Company, which began operations in 2013, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.

2013
Jan.	20		Purchased 1,000 shares of Ford Motor Co. at $28 per share plus a $125 commission.
Feb.	9		Purchased 2,700 shares of Lucent at $39 per share plus a $195 commission.
Oct.	12		Purchased 740 shares of Z-Seven at $7.60 per share plus a $90 commission.

2014
Apr.	15		Sold 1,000 shares of Ford Motor Co. at $29 per share less a $285 commission.
July	5		Sold 740 shares of Z-Seven at $11.00 per share less a $95 commission.
July	22		Purchased 2,000 shares of Hunt Corp. at $32 per share plus a $225 commission.
Aug.	19		Purchased 1,700 shares of Donna Karan at $42.00 per share plus a $105 commission.

2015
Feb.	27		Purchased 3,700 shares of HCA at $39 per share plus a $400 commission.
Mar.	3		Sold 2,000 shares of Hunt at $27 per share less a $130 commission.
June	21		Sold 2,700 shares of Lucent at $36.75 per share less a $37 commission.
June	30		Purchased 1,500 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov.	1		Sold 1,700 shares of Donna Karan at $42.00 per share less a $124 commission.

1. Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.) (Do not round your intermediate calculations.)

2. On December 31, 2015, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities when HCA