Fair Value Journal Entries, Trading Investments The investments of Charger Inc. include a single investment: 18,000 shares of Raiders, Inc. common stock purchased on February 24, Year 1, for $24 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, Year 1, balance sheet date, the share price increased to $32 per share. a. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, Year 1. Year 1 Feb. 24 0 Year 1 Dec. 31