Mr. Ts Fashions, once a direct competitor to Italian Stallions clothing line, has formed a friendship in recent years leading to a small investment (less than 5%) by Mr. T in the common stock of Italian Stallion. Mr. Ts engages in the following transactions relating to its investment. Assume that the securities are available-for-sale securities.

February 1 Purchases 200 shares of Italian Stallion common stock for $15.80 per share.

June 15 Sells 60 shares of Italian Stallion stock for $13.60 per share.

October 31 Receives a cash dividend of $0.60 per share.

December 31 The fair value of Italian Stallions stock is $11.60 per share.

1. Record each of these transactions, including an adjustment on December 31 for the investments fair value, if appropriate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2.	Calculate the balance of the Investments account on December 31.
	Investments, December 31: ______________