Just part 2 needed.

Kirkland Company had no trading debt securities prior to this year. It had the following transactions this year involving trading debt securities: August 2 Purchased Verizon bonds for $18,000. September 7 Purchased Apple bonds for $43,000. September 12 Purchased Mastercard bonds for $28,000. October 21 Sold some of its Verizon bonds that had cost $2,460 for $2,500 cash. october 23 Sold sose of its Apple bonds that had cost $23,000 for $23,400 cash. November 1 Purchased Walnart bonds for $48,000. December 10 Sold atl of its Mastercard bonds for $26,000 cash. Required: 1. Prepare journal entries to record these transactions. 2. Prepare a table to compare the year-erd cost and fair values of its trading debt securities. Year-end fair values: Verizon, $16,500 Apple, \$26,000; and Walmart, $43,000. 3. Prepare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $16,500; Apple, $26,000; and Waimart, $43,000