en Bancorp Inc. purchased a portfolio of trading securities during 20Y3, its first year of operations. The co ir value of this portfolio on December 31,20Y3, are as follows: 10,20Y4, Gruden Bancorp Inc. purchased trading securities of Carroll Inc. for $25,600. equired: Journalize the entries to record the following: a. The adjusting entry for the portfolio of trading securities on December 31, 20Y3. * b. The May 10, 20Y4, purchase of Carroll Inc. securities. * c. The adjusting entry for the portfolio of trading securities on December 31, 20Y4. Assume that except for the purchase of Carroll Inc. securities there were no other transactions involving trading securities in 20Y4. In addition, assume that the fair value of the portfolio of trading securities on December 31,20Y4, is $137,200. * d. What amount should be reported for trading investments on the December 31,20Y, balance sheet? Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. d. What amount should be reported for trading investments on the December 31,20Y4, ba ance sheet