Dr$.$ Brenner Inc. provided you with the following information regarding investments in trading securities:Investment $($Company name$)$Shirley SemolinaLauren's LasagnaClaribel CapelliniRobbie RigatoniShares$2000100015002000$Cost$120,00070,000121,50076,000387,500$During December the following transactions occurred:$9-$Dec$16-$Dec$20-$Dec$31-$Dec$5008004002000$shrs of Shirley Semolina were sold for shrs of Lauren's Lasagna were sold for shrs$.$ of Victoria's Sono Buoni were acquired for shrs of Robbie Rigatoni were sold forOn December $31,2023,$ the following securities remained in the Dr$.$ Brenner's trading portfolio:Investment $($Company name$)$Shirley SemolinaLauren's Lasagna Claribel CapelliniVictoria's Sono BuoniInstructions: Prepare:bthe adjusting journal entry required on November $30,2023$Assume $$5,200$ credit balance in the securities fair value adjustment account prior to adjustmentthe journal entries to record the December purchase & sale transactionsthe adjusting journal entry required on December $31,202330-$Nov$-23$Fair Value$114,00069,000126,00080,000389,0002,80025\mathrm{.}20031-$Dec$-23$FairValue$85,50016,800124,5001\mathrm{.}000$