On December 31, 2014, Cantu Excavating's year-end, the company had the following temporary investments, all of which were acquired on October 1, 2014. Investment NO. of shares Original cost Unit market value on December 31, 2014 $43 700 $55 The Party Place common shares Universal Maintenance Co. preferred shares 950 $21 $30 In 2015, Cantu Excavating completed the following transactions: March 1: July 28: December 31: Received cash dividends per share: The Party Place, $0.92; and Universal Maintenance Co., $0.58. Sold 700 shares of Universal Maintenance Co. preferred for $31 per share. Market values of two marketable securities were: The Party Place common, $49, and Universal Maintenance Co. preferred, $32. Cantu Excavating management has determined that these investments should be classified as held for trading. Cantu Excavating follows ASPE. a) Record the following entries: the purchase of the securities, the adjusting entry required at the end of 2014, and all entries required in 2015. For each specific HET investment, use a separate asset account. Note: For the sale entry, follow the same methodology as shown in the textbook, section 8.2.1, sale for HFT shares. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places. General Journal Account/Explanation Page G7 PR Debit Credit Date 2014 + - 2015 + - + b) Calculate the unrealized gain (loss) on the held-for-trading investment for 2014. Please make sure your final answer(s) are accurate to the nearest whole number. Unrealized gain (loss) = $ c) Give the asset line item and amounts that would be reported on the 2014 and 2015 balance sheets. If no account will be affected please choose 'No account affected'. Please make sure your final answer(s) are accurate to 2 decimal places. 2014 2015