GL$1501($Algo$)-$ Based on Problem $15-4$A LO P$4$

Twinings Corporation had no short$-$term investments prior to this year, It had the following transactions this year involving short$-$term

Twinings Corporation had no short$-$term invest btock investments with insignificant influence.

For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was

reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the

change in total assets must agree with the change in total equity.

Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the

income statement or as a component of stockholders' equity.

The year$-$end fair values per share are: BGJ Company, $$30\mathrm{.}00$; Smith Company, $$52\mathrm{.}50$; and Twist Company, $$18\mathrm{.}00.$ Calculate the

total cost and total fair value of the available$-$for$-$sale portfolio as of December $31,$ and calculate the amount of the required

year$-$end adjusting entry, if any.