In January 2011, the management of Noble Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred.

Feb. 1		Purchased 563 shares of Hiens common stock for $28,713, plus brokerage fees of $624.
Mar. 1		Purchased 833 shares of Pryce common stock for $16,660, plus brokerage fees of $447.
Apr. 1		Purchased 49 $1,000, 7% Roy bonds for $49,000, plus $1,090 brokerage fees. Interest is payable semiannually on April 1 and October 1.
July 1		Received a cash dividend of $0.67 per share on the Hiens common stock.
Aug. 1		Sold 182 shares of Hiens common stock at $56 per share less brokerage fees of $175.
Sept. 1		Received a $2 per share cash dividend on the Pryce common stock.
Oct. 1		Received the semiannual interest on the Roy bonds.
Oct. 1		Sold the Roy bonds for $49,000 less $1,090 brokerage fees.

At December 31, the fair value of the Hiens common stock was $53 per share. The fair value of the Pryce common stock was $19 per share.

Prepare the adjusting entry at December 31, 2011, to report the investment securities at fair value. All securities are considered to be trading securities. Your answer is partially correct. Try again. Show the balance sheet presentation of investment securities at December 31, 2011