Parnell Industries buys securities to earn profits as short-term differences in price. Hence the investment is in trading securities. The following selected transactions relate to investment activities of Parnell Industries during the year 2015. The company held no investments at the beginning of year 2015, and its fiscal year ends on December 31. Prepare the appropriate journal entries for each transaction or event. March 1: July 20: October 14: December 31: What is the amount of "Investment in Platinum Gems" that would be reported on the company's 2015 balance sheet