On November 1 of Year 1. Orucker Co. acquired the following investments in equity securities measured at PV.N.. On December 31, the companys yearend, the quoted market prices were as follows: Keily Corporation common stock, $52 and Keefe Corporation preferied stock, 524 Following are the data for the following year (Year 2). Mar 02: Dividends per share, declared and paid Kelly Corp., 51, and Keefe Corp. so.s0. Oct. 01: Sold 400 shares of Keefe Corporation preferred stock at 325 per share. DeC 31: Fair values: Kelly common, 546 per share. Keefe preferred, $26 per share: a. Prepare the entry for Drucker Company to record the purchase of the securities b. Prepare any adjusting entry needed at December 31 , Year.1. Note if a joumalentry isnt required for the transaction, select "NA-Debi" and "N/A-Credit" as the account names and leave the Or, and Cf. answers blank (zero), cindicate the items and amounts that should be reported on the Year 1 income statement of Orucker and its year-end batance sheet. Assume that the investinents are classified as current. Note: Use a negative sign to indicate a fossi. c. Indicate the items and amounts that should be reported on the Year 1 income staternent of Drucker and its year-end balance sheet. Assume that the investments are classified as curcent. Note: Use a negative sign to indicate a loss. d. Prepare the entries required in Year 2 to record dividend revenue, the sale of stock, and the fair value adjustment. Assume that the Fair Value Adjustment account needs to be adjusted for the imvestment portfolio on December 31, Year 2. e. Indicate items and amounts that should be reported on the Year 2 income statement and year-end balance sheet. Note: Use a negative sign to indicate a loss