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Required information The following intarmution appoles to the questions driplayed biowow Brodis Compwny purchaset debt impetments as trading securities at a cou of $52.000 on December 27 the in ha frit and onty parchthe of such securhies. At December Jh. these secuities had a fair value of 560,000 1. Prepaie the Becentiber 27 ecitry for the purchase of dobi *veutmenis. Broaks seits a portion of its trading securities (costng 520.000 for $28.000 eash. Answer an not cemolete. Cemplate this acestion by entertne your answars in the tabs below. Grooks enlly a porban or its trading securites (costing $26,000 for $26,060 cash. Required informetion (The fowowing witormation appies to the questions displayed bedow) Broolis Company purchases debt investments as trading securities at a cost of 552.000 on December 27 . This is iss first and only purchase of such securities. At December 3t, these secunties had a fair value of $60,000 1. Frepare the December 27 entry for the purchase of debt investaients. 2. \& 3. Prepore the December 31 year-end tair value adjustang entry for the trading secuaties' partfolo and the January 3 entry when Brooks sells a portion of its trading securities (costing $26.000 ) for $28,000 cash. Annwer is not cenplete. Cempiete this questien by emtwring your answers in the tabs belew. Prepare the December 27 entry for the purchase of debt inveitments. Required information The following intarmution appoles to the questions driplayed biowow Brodis Compwny purchaset debt impetments as trading securities at a cou of $52.000 on December 27 the in ha frit and onty parchthe of such securhies. At December Jh. these secuities had a fair value of 560,000 1. Prepaie the Becentiber 27 ecitry for the purchase of dobi *veutmenis. Broaks seits a portion of its trading securities (costng 520.000 for $28.000 eash. Answer an not cemolete. Cemplate this acestion by entertne your answars in the tabs below. Grooks enlly a porban or its trading securites (costing $26,000 for $26,060 cash. Required informetion (The fowowing witormation appies to the questions displayed bedow) Broolis Company purchases debt investments as trading securities at a cost of 552.000 on December 27 . This is iss first and only purchase of such securities. At December 3t, these secunties had a fair value of $60,000 1. Frepare the December 27 entry for the purchase of debt investaients. 2. \& 3. Prepore the December 31 year-end tair value adjustang entry for the trading secuaties' partfolo and the January 3 entry when Brooks sells a portion of its trading securities (costing $26.000 ) for $28,000 cash. Annwer is not cenplete. Cempiete this questien by emtwring your answers in the tabs belew. Prepare the December 27 entry for the purchase of debt inveitments