Information regarding Carperk Company's individual investments in securities during its calendar-year 2017, along with the December 31, 2017, fair values, follows a. Investment in Brava Company bonds: $457100 cost, $496,868 fair value. Carperk intends to hold these bonds until they mature in b. Investment in Baybridge common stock: 29,500 shares; $363,395 cost, $395,010 fair value. Carperk owns 32% of Baybridge's c. Investment in Buffa common stock: 12,000 shares, $187.411 cost $202,029 fair value. This investment amounts to 3% of Buffa's d. Investment in Newton common stock: 3,500 shares, $104,219 cost; $102,447 fair value. Carperk's goal with this investment is to e. Investment in Farmers common stock: 16,300 shares; $114,275 cost, $121,360 fair value. This stock is marketable and is held as an 2022 voting stock and has a significant influence over Baybridge outstanding shares, and Carperk's goal with this investment is to earn dividends over the next few years reap an increase in fair value of the stock over the next three to five years. Newton has 30,000 common shares outstanding investment of cash available for operations Required 1. Identify whether each investment should be classified as a short-term or long-term investment. For each long-term investment, indicate in which of the long-term investment classifications it should be placed. 2. Prepare a journal entry dated December 31, 2017, to record the fair value adjustment of the long-term investments in available-for- sale securities. Carperk had no long-term investments prior to year 2017. Complete this question by entering your answers in the tabs below Required Required 2 Identify whether each investment should be classified as a short-term or long-term investment. For each long-term investment, indicate in which of the long-term investment classifications it should be placed. (Select "NA" in classification of long-term investment, if the type of investment is short term.) Type of Investment Classification of Long-term Investment C. d. e. Required 1 Required 2>