During the year ended December 31, 2018, and in the following months of January and February 2019, Clinton Inc. had the following transactions pertaining to its held for trading investments: Purchased 2,000 Starr Corporation $5, preferred shares for $210,000 cash. Apr 1 July Recelved quarterly cash dividend. 1 Sold 500 Starr shares for $55,500 cash 2 Oct 1 Recelved quarterly cash dividend Nov. 22 Starr declared the quarterly dividend on November 22, to preferred shareholders of record on December 15, payable on January 1 Starr's shares were trading at $112 per share. Dec 31 Jan. 31 Due to an urgent need for cash, 700 Starr Corporation shares were sold despite a drop in the share price to $89 per share Feb. 15 Clinton sold an additional 500 Starr shares after the market recovered to $114 per share. Part 1 Your answer is partially correct Record the above transactions, using the fair value through profit or loss model. Prepare any required adjusting entries at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" fo the account titles and enter O for the amounts.) Account Titles and Explanation Date Debit Credit Apr. 1, 2018 Held for Trading Investments 210000 Cash 210000 July 1,2018 Cash 2500 Dividend Revenue 2500 gly 2,2018 Cash 55000 Realized Gain on Held for Trading Investments 2500 Held for Trading Investments 52500 2500 Oct. 1, 2018 Cash 2500 Dividend Revenue 2500 Oct. 1, 2018 Cash 2500 Dividend Revenues Nov. 22, 2018 No Entry C No Entry (To record dividends.) Dec. 31, 2018 10500 Unrealized Gain on Held for Trading Investments 10500 Held for Trading Investments (To record unrealized gain / (loss).) 62300 Jan. 31, 2019 Cash 11200 Realized Loss on Held for Trading Investments 73500 Held for Trading Investments 57000 hb. 15, 2019 Cash 4500 Realized Gain on Held for Trading Investments 52500 Held for Trading Investments