On 1 November 208, Porter Company acquired the following FVTPL investments: - Minto Corp. 2,600 common shares at $20 cash per share - Pugwash Corp.-600 preferred shares at $30 cash per share The annual reporting period ends 31 December. Quoted fair values on 31 December 208 were as follows: - Minto Corporation common, \$17 - Pugwash Corporation preferred, $34 The following information relates to 209 : Required: 1. Prepare the entry for Porter Company to record the purchase of the securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. 2. Prepare the adjusting entries needed at the end of 208. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the holding loss/gain on Pugwash Co. Shares. Note: Enter debits before credits. 2. Prepare the adjusting entries needed at the end of 208. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the holding loss/gain on Minto Co. Shares. Note: Enter debits before credits. 3. Show the amount that would be reported in 208 earnings and the asset amounts on the statement of financial position. 4. Prepare the all entries required in 209. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 4 Note: Enter debits before credits. 4. Prepare the all entries required in 209. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the sale of 200 shares of Pugwash stock. Note: Enter debits before credits. 4. Prepare the all entries required in 209. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the adjusting entry to record fair value of Mint Co. shares. Note: Enter debits before credits. 4. Prepare the all entries required in 209. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet