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Take Home QUIZ - Chapter 9: Investments Only one submission allowed to the box. No late submissions accepted. No email submissions allowed PROBLEM Bramble Corp, has the following porfolio of securities acquired for trading purposes and accounted for using the FV-NI model at September 30, 2017, the end of the company's third quarter: On October 8,2017 ( 4th quarter), the Yuen shares were sold for 55.10 per share. On November 16, 2017, 3,000 common shares of Patriot Corp. were purchared at $43.30 per share. Bramble pays a 196 commirsion on purchaser and rales of all securities. At the end of the fourth quarter, on December 31. 2017, the fair valuer of the sharer held were as followsi Monty \$101,300: Patriot \$115.500; and Oakwood \$111.650. Bramble prepares financial stacements every quarter. REQUIRED: a) Make the journal entry recorded by Bramble at September 30, 2017 to adjust the portfolio to market? b) Prepare journal entrier for all purchases, rales and adjurting entrier related to the portfolio for the fourth quarter of 2017. c) How will the invertments be reported on the balance sheet at December 31, 20177