On December 31, 2022 PT. Peanut has several securities held as long-term investments. These securities are not purchased to exert influence or control over an investee. On December 31, 2022 the total fair value of these securities is equal to their cost. In 2023, the following transactions have occurred: Received $1.80 per share cash dividend on PT shares. O'clock. Damage 1 1 Sell 1,500 ordinary shares PT. Butter in cash at $15 per share. 1 Selling 800 ordinary shares of PT. Hours in cash at $9 per share. June. July September December 1 Received $2.40 per share cash dividend on PT shares. Berries. 15 Received $1.80 per share cash dividend on shares of PT.Jam. 31 Received $1 per share cash dividend on PT shares. Butter. On December 31, 2023, the fair value per ordinary share is: PT. Hours $13, PT. Butter $10, PT. give $14. instructions a. Make a transaction journal for 2023. b. Prepare an adjusting entry on December 31, 2023 to show the securities at their fair value. Classify these shares as non-trading securities. C. Prepare an adjusting entry on December 31, 2024 to show the securities at fair value, assuming that during 2024 there will be no buying/selling of these shares and the total fair value as a whole is $120,500.

\begin{tabular}{|c|c|c|} \hline Ordinary Shares & Shares & Cost \\ \hline PT. Jam & 3,600 & $43,200 \\ \hline PT. Butter & 4,400 & 57,20 \\ \hline PT. Berry & 4,100 & 41,000 \\ \hline \end{tabular}