DO NOT ANSWER #1

I need help on the 2,3,4!

Targett Company had no short-term investments prior to the year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017. April 16 Purchase 4,000 shares of gem Co stock at $24.25 per share plus a $180 brokerage fee. May 1 Paid $100,000 to buy 3-moth US Treasury bills (debt securities):$100,000 principal amount, 6% interest, securities mature July 314. July 7 Purchased 2,000 shares of PepsiCo stock at $16.75 per share plus a $205 brokerage fee. July 20 Purchased $1000 shares of Xerox stock at $16.75 per share plus a $205. Brokerage fee. Aug 1 Received a check for the principal and accrued interest on the US Treasury bills that matured on July 31" August 15 Received an $0.85 per share cash dividend on the PepsiCo shares. August 28 Sold 2,000 shares of Gem Co. stock at $39 per share less a $225 brokerage fee Oct 1 Received a $1.90 per share cash dividend on the PepsiCo shares. Dec 15 Received a $1.05 per share cash dividend on the remaining Gem Co shares. Dec 31 Received a $1.30 per share cash dividend on the PepsiCo shares. Required: 1. Prepare journal entries to record the preceding transactions and events. 2. Prepare a table to compare the year-end cost and fair values of Targett's short-term investments in available-for-sale securities. The year-end fair values per share are: Gem Co., $26.50, PepsiCo, $46.50; and Xerox, $13.75. (hint Cost-S164,220) 3. Prepare an adjusting entry, if necessary, to record the year-end fair value adjustment for the portfolio of short-term investments in the available-for-sale securities. (hint Dr. Unrealized Loss-Equity $4,470) 4. How do these short-term investments affect Targett's (a) income statement for year 2017 and (b) the equity section of its balance sheet at year-end 2017