First National Bank buys and sells securities. The company's fiscal year ends on December 31. The following selected transactions relating to First National's trading account occurred during the year. December 20 Purchases 110,000 shares in Chansie Computers common stock for $341,000 (83.10 per share). December 28 Receives canh dividends of $4,100 from the Classic Computers whares. December 31 The fair value of classic Computers' stock 1. $2.90 per share. Required: 1. Record each of these transactions, including an adjustment on December 31 for the investment's fair value, If appropriate. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet