In January 2017, the management of Harrington Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. 1 Purchased 600 shares of RNA common stock for $40, 800. Mar. 1 Purchased 500 shares of LRF common stock for $15, 300. Apr. 1 Purchased 60 $1,000, 9% CRE bonds for $60,000. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the RNA common stock. Aug. 1 sold 300 shares of RNA common stock at $72 per share. Sept. 1 Received a $1 per share cash dividend on the LRF common stock. Oct. 1 Received the semiannual interest on the CRE bonds. Oct. 1 Sold the CRE bonds for $63,000. At December 31, the fair value of the RNA common stock was $66 per share. The fair value of the IRF common stock was $29 per share. Instructions (a) Journalize the transactions and post to the accounts Debt Investments and stock Investments. (Use the T-account form.) (b) Prepare the adjusting entry at December 31, 2017, to report the investments at fair value. All securities are considered to be trading securities. (c) Show the balance sheet presentation of securities at December 31, 2017. (d) Identify the income statement accounts and give the statement classification of each account