Christon Company had the following transactions pertaining to its short-term stock investments in 2019. Jan. 1 Purchased 2,000 shares of Hortez Company stock for $101,100 cash. June 1 Received cash dividends of $2.70 per share on the Hortez Company stock. Sept. 15 Sold 1,000 shares of the Hortez Company stock for $49,600. Dec. 31. The fair values of the securities totaled $50,800. Prepare the adjusting entry to report the portfolio at fair value. Instructions a. Journalize the transactions for each date. b. How would this investment be disclosed on the December 31, 2019, Balance Sheet and at what amount? Hint: In what section would it appear on the Balance Sheet and how would it be shown