Instructions Gruden Bancorp Inc. purchased a portfolio of trading securities during Year 1. The cost and fair value of this portfolio on December 31, Year 1, was as follows: Number of Shares Total Cost Name Total Fair Value 1 $29,000.00 $31,900.00 2 Griffin Inc. 1,450.00 3 Luck Company 1,300.00 28,600.00 35,100.00 4 Wilson Company 30,960.00 26,660.00 860.00 $95,060.00 $87,160.00 Total On May 10, Year 2, Gruden Bancorp Inc. purchased 930 shares of Carroll Inc. at $25 per share plus a $170 brokerage commission. Required: Provide the journal entry to record the adjustment of the trading security portfolio to fair value on December 31, Year 1.* A. B Provide the journal entry to record the May 10, Year 2, purchase of Carroll Inc. stock.* *Refer to the Chart of Accounts for exact wording of account titles