On December 31, 2021, the end of its first year of operabions, Sheridan Associates owned the following secuarities that are held as a long-term investments. The securities are not teld for indluence or control of the inivestce. On Deceniter 31, 2021, the total fair value of the securities was epval to its cose. in 2022 , the following trarisactionv occured. Aig. 1. Weczhend $0.59 per atare castidiadend on Gehring Co, pammon stock: Sept 1 Sold 1,500 shares of Wooderwon Co,commonstock for cash at 57 per shane. Cct 1 Sold 880 aharev of Gehing Co cormenon stock foe cashia $31 per share Nor. I. Received 52 per share cash dividendon kitselton Co, common stock. Dec. 15. Receivid $0.50 per share caih dividend on Gehtirg ca. cemvion stock: Dec 31 Aleceived 57 per stare atuial cath dividend on Wooderwe Co. consen stos. Thise inestments shouls tie dasifined as keres ierme Joumalize the 2022 transactions and post to the account Stock Investments. (Use the Toccount formi) fizat of detir entries before credit entries Credit account titles are automatically indented when amount is entered Do not indent manuoly if ho tentry is required. select "No entry" for the occount tibles and enter 9 for the amounts. Recovd jounol enteles in the onder preientind in the peoblem.). Dividend Revenue Dec. 15 Cash Dividend Revenue Dec 31 Cash Dividend Revenue Stock Investments Prepare the adjusting entry at December 31.2022 , to show the securities at fair value. (List all debit entries before credit entries Credit account tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter of for the amounts) Show the balance sheet presentation of the investments at December 31, 2022. At this date, Sheridan Associates has common stock $1,576,000 and retained earnings $1,119,000