Exerelse 15-15 (Algo) Classliylng Investments In securltes; recording folr values LO C1, P2, P3,P4,P5 The following information shows Carperk Compary's indlvidual investments in securitles during its current year, along with the December 3 falr values. a. Investment in Brava Company bonds: $454,000 cost: $493,498 far value. Carperk intends to hold these bonds untl they mature In 5 years. b. Investment in Baybridge common stock: 29,500 shares; $360,930 cost; $392,331 falr value. Carperk owns 32% of Baybridge's voting stock and has a signlicant influence over Baybridge. c. Investment in Duffa bonds: $186,40 cost; $200,659 falr value. This investment is not readily marketable and is not classified as held-to-maturity or trading. d. Investment in Newton notes: $103,512 cost; $101,752 falr value. Newton notes are not readily marketable and are not classified as held-to-maturity or trading. e. Investment in Farmers common stock: 16,300 shares; $113,500 cost; $120,537 fair value. This stock is marketable, and Carperk Intends to sell it within the year. This stock investment results in Carperk having an insignificant influence over Farmers. Required: 1. Identify whether each investment should be classified as a short-term or long-term investment. For each investment, indicate in Which of tre six investment classifications it should be placed. 2. Prepare ajournal entry dated December 31 to record the falr value adjustment for the portfollo of avallable-for-sale debt securitles. Carperk had no avallable-for-sale debt securitles prior to this year. Complete this question by entering your answers in the tabs below