Exercise 15-12 (Algo) Transactions and fair value adjustments for stock investments with insignificant influence LO P4 Carisville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31 . prepare the adjusting entry to record the falr value adjustment for the portfolio of stock investments. July 22 Purchased 1,300 shares of Hunt Corporation at $22 per ahara. september 5 Received a $2 canh dividend for each share of lint corporation. september 27 purehnsed 3,400 mharen of HCA at $28 per nhare. october 3 sold 1,300 shares of tunt at $17 per whare. October 30 Purchased 1,000 ahares of Black \& Decker at $53 por aharo. Decenber 17 peceived a $3 cash dividend for each share of Black \& Decker. December 31 Faif yalue of the nhort-torm stock investmente is $153,000