Hiker Company completes the following transactions during the current year Hay 9 Purchases s00 shares of Higo stock as a short-term investment in available-for-sale securities at a cost of 55 pen plus $190 in broker fees June 2 Sells 150 shares of its investment in Higo stock at $38 pe Dec. 31 The closing market price (fair value) of the Higo stock is $33 per share. r share. The broker's commission on this sale is $110 repare the May 9 and June 2 journal entries and the December 31 adjusting entry This is the first and only time the company purchased such securities. (If no entry is required for a transaction/event, field.) select "No journal entry required" in the first account