How to journilize the 2021 transactions to the account stock investments, preparing the adjusting entry at December 31 2021 at a fair value, and for the last chart showing the balamce sheet presentation of the investments at december 31,2021 with Ivanhoe stock 1,505,000 and retained earning 1,013,000

Problem 16-03A a-c (Video) On December 31, 2020, Ivanhoe Associates owned the following securities, held as a long-term investment. The securities are not held for influence of control of the investee Common Stock Shares Cost Gehring Co 1,800 $50,400 Woodenson Co 4,800 48,000 Kitselton Co. 1.400 28,000 1 On December 31, 2020, the total fair value of the securities was equal to its cost. In 2021, the following transactions occurred: Aug Received $0.50 per share cash dividend on Gehring Co. common stock Sept 1 Sold 1,440 shares of Wooderson Co, common stock for cash at $9 per share Oct 1 Sold 720 shares of Gehring Co. common stock for cash at $31 per share Nov. 1 Received $2 per share cash dividend on kitselton Co. common stock Dec 15 Received $0.50 per share cash dividend on Gehring Co. common stock Dec 31 Received $2 per share annual cash dividend on Wooderson Co. common stock At December 31, the fair values per share of the common stocles were: Gehring Co. $30, Wooderson Co. 59, and itselton Costa Joumalize the 2021 transactions and post to the account Stock Investments (Use the account form.) (Credit account titles are automatically indented when amount Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts. Record Journal entries in the order presen problem.) Date Account Titles and Explanation Debit Credit CALCULATO Date Account Titles and Explanation Debit Credit INTER VERSION 4 4 BACH Stock Investments SHOW LIST OF ACCOUNTS mpare the adjusting entry at December 31, 2021, to show the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not manually. If no entry is required, select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit ec. 31 SHOW LIST OF ACCOUNTS ow the balance sheet presentation of the investments at December 31, 2021. At this date, Ivanhoe Associates has common stock 51,505,000 and retained earnings $1,013,000, Ivanhoe Associates Balance Sheet (Partial) manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 SHOW LIST OF ACCOUNTS how the balance sheet presentation of the investments at December 31, 2021. At this date, Ivanhoe Associates has common stock $1,505,000 and retained earnings $1,013,000. Ivanhoe Associates Balance Sheet (Partial) HOW LIST OF ACCOUNTS accessing this Question Assistance, you will learn while you earn points bied on the point Potential policy set by your instructor