Kirkland Company had no trading debt securities prior to this yeac. It had the following transactlons this year involving trading debt securities. August: 2. Purchased Verizan bends for $34, 000. Septeaber 7 Purchased Apple bonds for \$\$5, aco. Septeeber 12 Purchased Mastercard bonds for 144,000 . Octeber 21 Sold soee of its Verizon bonds that had cost $3,200 for $3,300 cash. Cctober 23 Sold soen of its Apsle bends that had cest 139,000 for $39,400cash. Hoveaber 1 purchased Walmart bonds for $64,000. Decenber 10 sold all of its Mastercard beodi for 142 , 600 cosh, Required 1. Prepare journal entries to recond these transuctions. 2. Prepare a table to compare the year-end cost and falt values of its trading debt securites. Yeat-end falr values Verizon, $32,500, Apple, $34,000; and Waimart, $51,000. 3. Prepare the adyusting entry to record the year end falr value adjustment for the portfollo of trading debt securities. Complete this question by entering your answers in the tabs below. Prepare a toble to compare the year end cost and falr values of its trading debt securities. Year end fair values: Verizon, $32,500 : Apple, 534,000 and Wolmort, 551,000 . iequired . Prepare joumal entries to record these transactions 2. Prepare a table to compare the year-end cost and fall values of its trading debt securities. Year-end fair values, Verizon, 532,500 ; Apple, $34,000 and Walmint, $51000 3. Prepare the adjusting entry to record the year-end falr 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 yeat-end cost and fair values of its trading debt securities. Year end fair values: Veriron, \$37,500; Apple, \$34,000; and Walmart, \$51,000. Journal entry worksheet Record the year-end adjustment to tair value, if any. Note: Enter debls beloce credti