Instructions Chart of Accounts General Journal Analysis Analysis Balance Sheet Balance Sheet Next Level Instructions Midwest Bank invests in equity Securities. At the beginning of December 2019, the bank held no equity securities. During December of 2019, it entered into the following transactions: Dec. 10 Purchased 500 shares of Carroll Company common stock for $77 per share. Purchased 800 shares of Dynamo Company common stock for $34 per share. Dec. 21 At the end of December, the Carroll Company common stock had a quoted market price of $80 per share, and the Dynamo Company common stock had a quoted market price of $33 per share. Required: 1. Prepare joumal entries to record the preceding information 2. What is the unrealized holding gain or loss, and where is it reported in the 2019 financial statements? 3. Show how the bank roports the equity securities on its December 31, 2019, balance shoot. , . Balance Sheet Shaded cells have feedback. X Shaded cells have feedback. X . PWGE 1 GENERAL JOURNAL Score: 76/76 Balanga Shaat Instruction ACCOUNT TITLE POST. REF. DEBIT CREDIT Investment in Equity Securities 38,500.00 Midwest Bank Score: 6/10 Cash 38,500.00 Partial Balance Sheet December 31, 2019 Investment in Equity Securities 27,200.00 Cash 27,200.00 1 Current assets: 700.00 2 Investment in Equity Securities $65,700.00 Investment in Equity Securities Unrealized Holding Gain/Loss-Equity Securities 700,00 Points - 12/2