In January 2019, the management of Blossom 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 1,265 shares of LAF common stock for $51,865 Mar. Prchased 530 shares of NCL common stock for $18,020. Apr. 1 Purchased 75 $1,000, 896 TRC bonds for $75,000. Interest is payable semiannually on April 1 and October 1. July Received a cash dividend of $0.80 per share on the LAF common stock Aug. 1 Sold 188 shares of LAF common stock at $40 per share. Sept.1 Received $2 per share cash dividend on the NCL common stock Oct. 1Received the semiannual interest on the TRC bonds. Oct. 1 Sold the TRC bonds for $80,478. At December 31, the fair values of the LAF and NCL common stocks were $37 and $27 per share, respectively. These stock investments by Blossom Company provide less than a 20% ownership interest. Your answer is partially correct. Try again. ournalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Post to the accounts Debt Investments and Stock Investments. (If the balance Stock Investments 51865Aug. 1 Feb. 1 7520 Mar. 1 18020 Dec. 31 Bal. 62365 Debt Investments Apr. 1 75000 Oct. 1 75000 Dec. 31 Bal. 0 Prepare the adjusting entry at December 31, 2019, to report the investments at fair value. (Credit account manually.) Debit Credit 3150 Dec. 31 Unrealized Loss on Available-for-Sale Securities 21266 Fair Value Adjustment-Available-for-Sale 21266 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Show the balance sheet presentation of investment securities at December 31, 2019 Blossom Company (Partial) Balance Sheet December 31, 2019 Total Assets Accumulated Other Comprehensive Loss