concora browser BlaunchUrl=http%253A% 2F%252Fnewconnect.mh Saved On November 20XB, Porter Company acquired the following FVTPL investments: Meto Comp 3.200 common shares at $20 cash per share Pawan Corp. -- 900 preferred shares at $30 cash per share The annual reporting period ends 31 December Quoted fair values on 31 December 20x8 were as follows: Mirto Corporation common, 518 Pugwash Corporation preferred $32 The following information relates to 20x9 2 March October Receved cash dividends per share as follows: Minto Corporation, $2.10: and Pugash Corporation, $1.30 Sold 21 shares of Puash Corporation preferred at $34 per share. Fair values were as follows: Hinta como, 528, and Puash preferred, 531. 31 December Required: 1. Prepare the entry for Porter Company to record the purchase of the securities (if no entry is required for at select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the acquisition of investment Journal entry worksheet 1 Record the acquisition of investment. Note: Enter debits before credits. General Journal Date 1 Nov. 20X8 Debit Credit Record entry Clear entry View general Record the holding loss/gain on Pugwash Co. Shares. Note: Enter debits before credits General Journal Date 31 Dec 20x8 Debit Credit Record entry Clear entry View general journal