On January $1,20$x$1,$ JME invested in the common stock of Hunting. Inc. Certain data for $201$ and $202$ are as follows $-$

$1-$ JME has no other investment securities$.$

$2-$ These are TRADING SECURITIES under ASC $320-$ i$.$e$.,$ securities bought and held principally for the purpose of selling them in the near term. Trading securities can include both equity and debt securities$.$

$3-$ JME applies ASC $320$ in both $20$X$1$ and $20$X$2$

$4-$ No investments were sold in $20$X$1$

$5-$ On $2/27/$X$2$ JME sold $800$ shares for cash at a price of

$$47\mathrm{.}00$ per share

$6-$ Prior to recording the sale of any security, JME records an adjustment to the value of its whole portfolio of trading securities

$7-$ You may ignore taxes

$1-$ In the table shown on the next page, you are to record all journal entries, if required, on the dates indicated. Some of the account titles JME uses include $-$

Cash

Investment in Equity Securities

Dividend Income

Gain on Investment $($unrealized$-$net income$)$

Loss on Investment $($unrealized$-$net income$)$

Fair Value adjustment

$2-$ Show computations where applicable.