First National Bank buys securnes to First Nalionals trading account occurred during the year December 20 Purchases 190,000 shares in Classic Computers common slock tor $741,000 December 28 Receives cash dividends of $4,900 from the Classic Compulers shares December 31 The tair vakue of Classic Computers' stock is $3.70 per share and sels securties, expecting to earn profts on short-serm ifferences in price The company's fiscal year ends on December 31. The tollowing selected transactions Required 1. Record each of these transactions, incuding an adustment on December 31 for the imvestment's tar value, i appropriate (t no entry is required for a transactionievent, select "No jou required" in the first account tield.) new transaction list Journal entry worksheet Record adjustment of investments to fair value Note: Eeter debits before December 31 Unealiced holding loss-net income