On December 31, 2021, the end of its first year of operations, Carla Vista Associates owned the following securities, that are held as a long-term investments. The securities are not held for influence or control of the investee.

Common Stock		Shares		Cost
Gehring Co.		2,100		$63,000
Wooderson Co.		5,000		35,000
Kitselton Co.		1,400		30,800

On December 31, 2021, the total fair value of the securities was equal to its cost. In 2022, the following transactions occurred.

Aug.	1		Received $0.50 per share cash dividend on Gehring Co. common stock.
Sept.	1		Sold 1,500 shares of Wooderson Co. common stock for cash at $6 per share.
Oct.	1		Sold 840 shares of Gehring Co. common stock for cash at $33 per share.
Nov.	1		Received $1 per share cash dividend on Kitselton Co. common stock.
Dec.	15		Received $0.50 per share cash dividend on Gehring Co. common stock.
Dec.	31		Received $1 per share annual cash dividend on Wooderson Co. common stock.

At December 31, the fair values per share of the common stocks were: Gehring Co. $32, Wooderson Co. $6, and Kitselton Co. $20. These investments should be classified as long-term.

A. Journalize the 2022 transactions and post to the account Stock Investments. (Use the T-account form.)

I have finished the general journal entries- need help with the T-account.

B. Prepare the adjusting entry at December 31, 2022, to show the securities at fair value.

C. Show the balance sheet presentation of the investments at December 31, 2022. At this date, Carla Vista Associates has common stock $1,501,000 and retained earnings $1,167,000.