Journalize the entries to record the preceding transactions. Prepare the investment-related asset and stockholders' equity balance sheet disclosures for Roman Products, Inc., on December 31, 2011, assuming the Retained Earnings balance on December 31, 2011, is $455,000. Roman Products, Inc., is a wholesaler of men's hair products. The company began operations on January 1, 2010. The following transactions relate to securities acquired by Roman Products, Inc., which has a fiscal year ending on December 31: 2010 Jan. 3. Purchased 3,000 shares of Whalen Inc. as an available-for-sale investment at $46 per share, including the brokerage commission. July 6. Split Whalen Inc. stock 2 for 1 an d received the regular cash dividend of $0.60 per share on the Whalen Inc. stock after the split. Oct. 14. Sold 900 shares of Whalen Inc. stock at $25 per share, less a brokerage commission of $50. Dec. 9. Received the regular cash dividend of $0.60 per share. 31. Whalen Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $21 per share. Use the Valuation Allowance for Available for-Sale Investments account in making the adjustment. 2011 Jan. 5. Purchased an influential interest in Tasmania Co. for $620,000 by purchasing 60,000 shares directly from the estate of the founder of Tasmania. There are 150,000 shares of Tasmania Co. stock outstanding. July 8. Received the regular cash divided of $0.70 per share on Whalen Inc. stock. Dec. 8. Received the regular cash dividend of $0.70 per share plus an extra dividend of $0.15 per share on Whalen Inc. stock. 31. Received $18,000 of cash dividends on Tasmania Co. stock. Tasmania Co. reported net income of $74, 000 in 2011 Roman Products uses the equity method of accounting for its investment in Tasmania Co. 31. Whalen Inc is classified as an available-for-sale investment and is adjusted to a fair value of $26 per share. Use the Valuation Allowance for Available-for-Sale Investments account in making the adjustment