On October 1, 2016. B Inc. paid $131,000. plus $ 1,000 of brokerage fees, to purchase 60,000 shares of the common stock of Cole. The percentage of B's ownership in Cole (which is a publicly traded corporation) is insignificant and B Inc. plans on holding the stock as trading securities. During the last quarter of 2016. Cole reported earnings per share of 10 cents a share. On 12/10/16, Cole paid dividends of $0.15 per share and, on 12/31/16, its stock was valued at $2.50 a share. On February 5, 2017, B Inc sells all the Cole stock for $2.60 a share less a $1,000 brokerage commission. Prepare the journal entry to record the investment in Cole stock. Prepare the 2016 entries that B Inc. should make to account for its investment in Cole. Prepare the journal entry for the sale of the Cole Stock on February 5, 2017. Prepare all the entries again assuming that B Inc. is holding the Cole stock as a long-term investment. C Co. had the following transactions pertaining to debt securities held as a short-term investment: 2016: Jan. 1 Purchased $ 100,000 of 8% D Corp. bonds for $104,000 cash, plus $800 brokerage fee. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year.. July 1 Received semi-annaul interest on D Co. bonds. Sept. 1 Sold $40,000 of the D Corp. bonds for $32,000. less $400 brokerage fee. Dec 31 Accrued semi-annual interest on D Co. bonds. 2017: Jan. 1 Received semi-annual interest on D Co. bonds. Journalize all of the above transactions