Fair Value Joumal Entries, Trading Investments Gruden Bancorp inc. purchased a portfollo of trading securitles during Year 1. The cost and fair value of this portfolio on December 31, Year 1 , was as follows: On May 10, Year 2, Gruden Bancorp inc. purchased 550 shares of Carroll inc, at $30 per share plus a $60 brakerape commission. Provide the fournal enties to record the following: a. The adfustinent of the trading security portfollo to falr value on December 31, Yoar 1 . Year 1, Dec, 31 b. Theimax 10, Year 2, purchate of carroll inc. stock. Year 2, May 10