On December 31, 2021, the end of its first year of operations, Oriole 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 Gehring Co. 1,900 Wooderson Co 5,100 Kitselton Co. 1,400 Cost $ 60,800 51,000 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 Sept. 1 Oct 1 1 1 1 Received $ 0.50 per share cash dividend on Gehring Co.common stock Sold 1,530 shares of Wooderson Co.common stock for cash at $9 per share. Sold 760 shares of Gehring Co.common stock for cash at $ 35 per share Received $ 2 per share cash dividend on Kitselton Co.common stock. Received $ 0.50 per share cash dividend on Gehring Co. common stock Received $2 per share annual cash dividend on Wooderson Co. common stock Nov. 1 Dec 15 Dec. 31 At December 31, the fair values per share of the common stocks were: Gehring Co.$ 34, Wooderson Co.$ 9, and Kitselton Co. $ 20. These investments should be classified as long-term. Journalize the 2022 transactions and post to the account Stock Investments (Use the account form) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) ate Account Titles and Explanation Debit Cred 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 titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Cred Dec 31 10) Show the balance sheet presentation of the investments at December 31, 2022. At this date, Oriole Associates has common stock $ 1,486,000 and retained earnings $ 1.183,000 Oriole Associates Balance Sheet (Partial)