Ingenuary 2017 the management of Kinzie Company condudes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following Feb. 1 Purchased 500 shares of Muninger common stock for $25,000 Mar. 1 Purchased 700 shares of Taman common stock for $17,500 Apr. E Purchased 70 $1,020,8% Yoakem bonds for $71,400. Interest is payable semuannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Muninger common stock Aug. 1 Sold 167 shares of Muninger common stock at $60 per share. Sept. 1 Received a $1 per share cash dividend on the Tatman common stock Oct. 1 Received the semiannual interest on the Yoakem bonds Oct. : Sold the Yoaker bords for $70,400 At December 31, the fair value of the Muninger common stock was $S1 per share. The far value of the Tatman common stock was $24 per share. tudy Joumalize the transactions and post to the accounts Debt Investments and Stock Investments. Use the T-account form.) (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to 0 decimal places, e.. 5,275.) Date Account Titles and Explanation Debit Credit - Stock Investments by Study Debt Investments SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the adjusting entry at December 31, 2017, to report the investment securities at fait value. All securities are considered to be trading securities. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explandsion Date Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: STHILAR PROBLEM Show the balance sheet presentation of investment securities at December 31, 2017. (Round answer to o decimal places, e.g. 5,275.) Kinzie Company Balance Sheet (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO, STHILAR PROBLEM Give the statement classification of each income statement account. Income Statement Account Category Dividend Revenue