Journalize the following transactions, all securities purchased will be held for long-term appreciation: 1. Purchase 30,000 shares of XYZ Company for $28.30 per share plus $1,000 commission. XYZ Company is traded on the New York Stock Exchange and has 1,000,000 shares of voting stock authorized of which 100,000 shares are issued and outstanding. XYZ supplies our company with various products. We are XYZ's largest shareholder. 2. Purchase 1000 shares of ABC Company for $100,000, plus a $5,000 commission. The percentage of ownership is less than 1%. 3. XYZ Company declares and distributes a cash dividend of $1.10 per share. 4. XYZ Company reports it has total income for the year of $450,000. 5. ABC Company reports it has $7,000,000 of income for the year. Year end market value of ABC Company is $97.50 per share. Journalize all necessary activity above (1-5) How are available-for-sale securities listed on the Balance Sheet and at what amount? What criteria is used in that classification?