P12-2B In January 2017, the management of Izmir A.. concludes that it has sufficient cash to purchase some short-term investments in debt and share securities. During the year, the following transactions occurred. Feb. 1 Purchased 500 ordinary shares of Joy for t30,800. Mar. 1 Purchased 600 ordinary shares of Aurelius for t20,300. Apr. 1 Purchased 40t1,000,9% Sikich bonds for t40,000. Interest is payable annually on October 1 . July 1 Received a cash dividend of t0.60 per share on the Joy ordinary shares. Aug. 1 Sold 300 ordinary shares of Joy at t69 per share. Sept. 1 Received a t1 per share cash dividend on the Aurelius ordinary shares. Oct. 1 Received the interest on the Sikich bonds. Oct. 1 Sold the Sikich bonds for t44,000. At December 31 , the fair value of the Joy ordinary shares was t66 per share. The fair value of the Aurelius ordinary shares was t29 per share. Instructions (a) Journalize the transactions and post to the accounts Debt Investments and Share Investments. (Use the T-account form.) (b) Prepare the adjusting entry at December 31, 2017, to report the investments at fair value. All securities are considered to be trading securities. (c) Show the statement of financial position presentation of investment securities at December 31,2017. (d) Identify the income statement accounts and give the statement classification of each account