Jackson Company engaged in the following investment transactions during the

current year. All of their investments are classified as Available for Sale $($AFS$).$

Feb $17$

April $1$

June $25$

Oct $1$

Nov $30$

Dec $31$

Required: $1.$ Prepare the appropriate journal entries to record the transactions for the

year including year$-$end adjustments and post to T$-$Accounts.

Present Investments as Jackson would on their $12/31$ balance sheet. Be

precise!

Present the applicable portions of Jackson's $12/31$ Statement of

Income$/$Comprehensive Income. Be precise!