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Flos Co is a regional insurance company that began operations on January 1, 2012. The following selected transactions relate to investments acquired by Rios Co,

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Flos Co is a regional insurance company that began operations on January 1, 2012. The following selected transactions relate to investments acquired by Rios Co, which has a fiscal year ending on December 31 Record these transactions on page 10 20Y2 Feb 1 May 1 July 1 Purchased 7,500 shares of Caldwell Inc. common stock at $50 per share plus a brokerage commission of875. Caldwell has 100,000 shares of common stock outstanding Purchased securities of Holland Int. as a trading investment for $120,000. Sold 4,500 shares of Caldwelline for $41 per share less a 5110 brokerage commission Received an annual dividend of 80 80 per share on 3,000 shares of Caldwol In stock Sold the remaining shares of Caldwell no. to 551 per share loss a $90 brokerage commission The trading securities of Holland Inc. have a fair value on December 31 of $120,000 31 Nov 15 Dec 31 20Y3 Apr. 1 Oct 14 Purchased securities of Fuller Inc. as a trading investment for $125,000 Sold securities of Fuller Inc. that cost $25,000 for $30,000 The fair values of the Holland Inc. and Fuller Inc. securities are as follows: Dec. 31 Issuing Company Cost Fair Value Holland Inc $126,000 $132,500 Fuller Inc 100,000 115,600 Required: 1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use Ines for journal explanations. Every ine on a journal page is used for debitor credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places and round your final answers to the nearest dollar 2. Prepare the Trading Investments section of the December 31, 2013, balance sheet for Flos Co. Be sure to complete the statement heading Refer to the Chart of Accounts and the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Colons() will in where needed. 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios Co

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