P1.1 Investments in Trading and AFS Securities A company has the following investment activity during 2019 and 2020: Fair value at 12/31/20 Date of Fair value at Date of Selling Price Security pe Acquisition Cost 12/31/19 Sale A Trading Trading Trading 3/5/19 $350,000 225,000 400,000 175,000 300,000 N/A 6/3/19 $325,000 235,000 N/A B 7/14/19 $252,000 1/15/20 N/A C 9/1/20 N/A N/A N/A $410,000 N/A AFS 8/2/19 190,000 4/2/20 N/A 213,000 N/A AFS 11/20/19 250 NA 215,000 735,000 AFS 4/6/20 710,000 N/A N/A All investments were acquired at par value. Security E's declines in value are all credit-related. Required Prepare the journal entries to record the above information for 2019 and 2020, assuming the company's reporting year ends December 31. Ignore any interest income. b. Show how this information is presented in the company's balance sheet, income statement, and statement of comprehensive income for 2019 and 2020. a