esthnents on December 31, 2016. 3) Last Ungua ranteed Financial Inc. purchased the following trading securities during 2016, its first year of operations Name Arden Enterprises Inc. French Broad Industries Inc Pisgah Construction Inc. Number of Shares 5,000 2,750 1,600 Cost $150,000 66,000 104,000 $320,000 Total Th market price per share for the trading security portfolio on December 31, 2016, was as follows: e Market Price per Share Dec. 31,2016 $34 26 60 Arden Enterprises Inc. French Broad Industries Inc Pisgah Construction Inc. Provide the journal entry to adjust the trading security portfolio to fair value on December 31, 2016. a)