On March 1, 2016, Rain Technology purchased 9,900 shares of Lightyear Services Company for $17 per share. The following information applies to the stock price of Lightyear Services:

	Price
12/31/2016	$	15
12/31/2017		21
12/31/2018		26
Required: 1. Prepare journal entries to record the facts in the case, assuming that Rain purchased the shares for the trading securities portfolio. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1.Record the appropriate journal entry on March 01, 2016. 2.Record the appropriate journal entry on December 31, 2016. 3.Record the appropriate journal entry on December 31, 2017. 4.Record the appropriate journal entry on December 31, 2018. 5.Record the appropriate journal entry on March 01, 2016. 6.Record the appropriate journal entry on December 31, 2016. 7.Record the appropriate journal entry on December 31, 2017. 8.Record the appropriate journal entry on December 31, 2018.