Instructions (a) Journalize the 2017 transactions and post to the account Share Investments. (Use the T-account form.) (b) Prepare the adjusting entry at December 31,2017 , to show the securities at fair value. The shares should be classified as non-trading securities. (c) Show the statement of financial position presentation of the investments at December 31, 2017. At this date, Ogallala Associates has share capital-ordinary 1,500,000 and retained earnings 1,000,000. P12-3A On December 31, 2016, Ogallala Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee. On December 31, 2016, the total fair value of the securities was equal to its cost. In 2017 , the following transactions occurred. Aug. 1 Received 0.70 per share cash dividend on Carlene Co. ordinary shares. Sept. 1 Sold 2,000 ordinary shares of Riverdale Co. for cash at 8 per share. Oct. 1 Sold 800 ordinary shares of Carlene Co. for cash at 33 per share. Nov. 1 Received 1 per share cash dividend on Raczynski Co. ordinary shares. Dec. 15 Received 0.70 per share cash dividend on Carlene Co. ordinary shares. 31 Received 1 per share annual cash dividend on Riverdale C0. ordinary shares. At December 31 , the fair values per share of the ordinary shares were Carlene C0.32, Riverdale Co. 8, and Raczynski Co. 18