On November 1, 2017, a U.S. company invests in equity securities at a cost of $1,000,000. On December 31, 2017, the securities have a market value of $940,000. The securities are sold on February 1, 2018, for $1,020,000. Required a. Assume the company classifies the securities as trading securities. Prepare the journal entriesor November 1, 2017, December 31, 2017 and February 1, 2018 to record the above information. b. Assume the securities are classified as available-for-sale, and the 2017 decline in value is a normal pric fluctuation, not impairment. Prepare the journal entries on November 1, 2017, December 31, 2017 an February 1, 2018 to record the above information