EA-4 (Algo) Recording Transactions in the Equity Securities Portfolio LOA-2 On March 10, 2023, Dearden, Incorporated, purchased 11,600 shares (2 percent) of Jaffa stock for $53 per share. Management Intends to hold the securitles long term. Dearden's year ends on December 31. The following information pertalns to the price per share of Jaffa stock: Dearden sold all of the Jaffa stock on September 12, 2026, at a price of $48 per share. Prepare any Journal entrles that are required by the facts presented in this case. Note: If no entry is requlred for a transaction/event, select "No journal entry required" In the first account fleld. 1 Record the purchase of investments on March 10, 2023. 2 Record the change in the fair value of the investments on December 31, 2023. 3 Recognize the fair value of investments on December 31 , 2024. 4 Record the change in the fair value of the investments on December 31, 2025. 5 Record the change in the fair value of the investments on September 12, 2026. 6 Reclassify any gain or loss on the sale of the investments EA-4 (Algo) Recording Transactions in the Equity Securities Portfolio LOA-2 On March 10, 2023, Dearden, Incorporated, purchased 11,600 shares (2 percent) of Jaffa stock for \$53 per share. Management Intends to hold the securitles long term. Dearden's year ends on December 31. The following information pertains to the price per share of Jaffa stock: Dearden sold all of the Jaffa stock on September 12, 2026, at a price of $48 per share. Prepare any journal entrles that are required by the facts presented in this case. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. 3 Recognize the fair value of investments on December 31 , 2024 . 4 Record the change in the fair value of the investments on December 31, 2025. 5 Record the change in the fair value of the investments on September 12, 2026. 6 Reclassify any gain or loss on the sale of the investments on September 12, 2026. 7 Record the cash received from the sale of the investment on September 12, 2026. Note : O = journal entry has been entered Note: Enter debits before credits