Flint Corporation had the following transactions: Aug. 1 Purchased 9,000 Reynolds Corp. common shares for $117,000 with the intention of trading them. Sept. 10 Received a dividend on the Reynolds shares of $1.10 per share. Oct. 22 Sold half of the investment in Reynolds shares at $16 per share. Dec. 30 Reynolds declares a dividend of $1.15 per share, payable next year. Record the above transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Aug 1 Trading Investments Cash Sept 10 Cash Dividend Income Oct 22 Cash Trading Investments Realized Gain on Trading Investments Dec 30 C No Entry No Entry Debit 117000 9900 72000 Credit 117000 9900 58500 13500 (b) Prepare the adjusting entry for the valuation of the investment on December 31, Flint's year end, assuming the remaining Reynolds shares are worth $15 each on December 31. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation Debit Credit