Kequirea inrormation Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below] Brooks Company purchases debt investments as trading securities at a cost of $66.000 on December 27 . This is its first and only purchase of such securities. At December 31 , these securities had a fair value of $72,000 Exercise 15-2 (Static) Accounting for debt investments classified as trading LO P1 1. Prepare the December 27 entry for the purchase of debt investments 2. \& 3. Prepare the December 31 year-end fair value adjusting entry for the trading securities portiolio ond the Uonuary 3 entry when Brooks selis a portion of its trading securities (costing $3.000) for $1.000cosh Complete this question by entering your answers in the tabs below. Prepare the December 31 year-end fair value adjusting entry for the trading securities' portfolio and the January 3 entry when Erooks sells a portion of its trading securities (costing $3,000) for $4,000 cash. Journal entry worksheet Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. lournal entry worksheet Note: Enter debits before credits