Noster Inc. had the following transactions pertaining to stock investments: Jan 1 Purchased 2,500 shares of Escalante Corporation common stock for $140,000 cash plus brokerage fees of $12,000. (Hint: what is the total cost of the shares and what is the PER SHARE cost?) July 1 Received a cash dividend of $3 per share on the Escalante stock. Dec 1 Sold 500 shares of Escalante Corporation common stock for $32,400 cash, less brokers fees of $800. Dec 31 Received a cash dividend of $3 per share on the Escalante stock. Dec 31 The fair market value of the Escalante stock is $58 per share. Instructions (a) Journalize the transactions assuming the investment in the Escalante stock was purchased as trading securities. (b) Indicate the financial statement presentation of the investment related accounts at the end of the year. (c) If the investment in the Escalante stock had been purchased as available for sale securities, indicate the financial statement presentation of the investment related accounts at the end of the year.