During the year ended December 31, 2018, and in the following months of January and February 2019, Sweetwater Inc. had the following transactions pertaining to its held for trading investments: Apr. 1 Purchased 2,000 Starr Corporation $5, preferred shares for $210,000 cash. July 1 Received quarterly cash dividend. 2 Sold 500 Starr shares for $56,500 cash. Oct. 1 Received 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. Dec. 31 Starr's shares were trading at $114 per share. Jan. 31 Due to an urgent need for cash, 700 Starr Corporation shares were sold despite a drop in the share price to $92 per share. Feb. 15 Sweetwater sold an additional 500 Starr shares after the market recovered to $116 per share. Part 1 Record the above transactions, using the fair value through profit or loss model. Prepare any required adjusting entries at December 31. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Part 1 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 for the account title and enter for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 1. 2018 Held for Trading Investments 210,000 Cash 210,000 July 1, 2018 Cash 2500 Dividends Receivable 2500 July 2, 2018 - Cash 56,500 Realized Gain on Held for Trading Investments 2.500 Held for Trading Investments 54,000 Oct. 1. 2018 . Cash Dividends Receivable Nov. 22, 2018 No Entry No Entry (To record dividends.) Dividends Receivable Nov. 22, 2018 No Entry No Entry (To record dividends.) Dec. 15, 2018 (To record unrealized gain / (loss).) Jan. 31, 2019 Part 2 How many Starr shares does Sweetwater own after the sale of shares on February 15, 2019? What are the cost and fair value of its investment on this date? Number of shares Cost Fair Value