Equity Method On January 2, Yorkshire Company acquired 36% of the outstanding stock of Fain Company for $430,000. For the year ended December 31, Fain earned income of $112,000 and paid dividends of $34,000. Journalize the entries for Yorkshire Company for the purchase or the stock, the share of Pain Income, and the dividends received from Fain Company. Jan, 2. Purchase Dec. 31-Income Dec 31 - Dividends Fair Value Journal Entries, Trading Investments Jets Bancorp Inc. purchased a portfolio of trading securities during 2013. The cost and fair value of this portfolio on December 31, 20Y3, was as follows: Name Number of Shares Total Cost Total Fair Value 1,350 $17,000 Dolphins Inc. Marino Company Namath Company 900 $18,090 29,520 7,750 $55,360 27,450 7,910 250 Total $52,360 Journalize the entry to record the adjustment of the trading security portfolio to fair value on December 31, 2013 20Y3 Dec. 31 o