Mire Corporation had the following transactions involving investments in trading securities during the year. Prior tothese transactions, Mire had never had any investments in trading securities. Prepare the required general journalentries to record these transactions.

Feb. 16 Purchased 800 shares of HM Corporation stock at $28 per share plus a$400 brokerage fee.

Feb. 26 Purchased 500 shares of Sugarland Co. stock at $19 per share plus a$300 brokerage fee.

Mar. 2 Received a $0.95 per share dividend from the HM Corporation.

Mar. 28 Sold 200 shares of HM Corporation stock for $31 per share less a $150brokerage fee.

Apr. 20 Sold 150 shares of Sugarland Co. stock at $17 per share less a $100brokerage fee.

Apr. 30 The company is preparing quarterly financial statements; prepare anadjusting entry for the fair value adjustment on the trading securities. At April30, the HM stock has a fair value of $30 per share, and the Sugarland stockhas a fair value of

$16 per share.