On 1 November 20X8, Porter Company acquired the following FVTPL investments: Minto Corp.3,900 common shares at $10 cash per share Pugwash Corp.-950 preferred shares at $20 cash per share The annual reporting period ends 31 December. Quoted fair values on 31 December 20X8 were as follows: Minto Corporation common, $8 Pugwash Corporation preferred, $21 The following information relates to 20X9: 2 March 1 October Received cash dividends per share as follows: Minto Corporation, $2.30; and Pugwash Corporation, $1.30. Sold 240 shares of Pugwash Corporation preferred at $24 per share. Fair values were as follows: Minto common, $18, and Pugwash preferred, $20. 31 December required: Prepare the entry for Porter Company to record the purchase of the securities. (If no entry is required for an cransaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the acquisition of investment. Note: Enter debits before credits. Date General Journal Debit Credit Prepare the adjusting entries needed at the end of 20x8, (if no entry is required for a transaction/event, select "No urnal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the holding loss/gain on Pugwash Co. Shares. Note: Enter debits before credits 3. Show the amount that would be reported in 20x8 earnings and the asset amounts on the statement of financial position Earnings, 20x8 Statement of financial position, 31 December 20X8: FVTPL investments, at fair value