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E17 7B (Trading Securities Entries) On December 31, 2014, InterSteel Inc. provided you with the following information regarding its trading securities. All of the securities

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E17 7B (Trading Securities Entries) On December 31, 2014, InterSteel Inc. provided you with the following information regarding its trading securities. All of the securities were purchased during 2014. During 2015, Intersteel for $33,200. The fair value of the stock on December 31,. 2015 was JAK Inc, stock--$47,600; Kibby Co. stock --95,400Prepare the adjusting journal entry needed on December 31, 2014 Prepare the jornal entry to record the sale of the Corp stock during 2015 Prepare the adjusting journal entry needed on December 31, 2015

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