Catisville 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 joumal entries to record these transactions. On December 31. prepare the adjusting entry to record the fair value adjustment for the portfollo of stock investments. July 22 Purchased 1 , 600 shares of Hunt Corporation at $28 per share. septenber 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,480 shares of HCA at $20 per share. October 3 Sold 1,600 shares of Hunt at $23 per share. October 30 Purchased 1,200 shares of Black 8 Decker at 560 per share. Decenber 17 Recelved a $3 cash dividend for each share of Black \& Decker. Decenber 31 fair value of the short-torn stock investinents is $144,000. Journal entry worksheet 234567 Purchased 1,600 shares of Hunt Corporation at $28 per shate. Note; Enter dethis before credits