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On November 1 of Year 1, Drucker Co. acquired the following investments in equity securities measured at FV-NI. On December 31 , the company's year-end, the quoted market prices were as follows: Kelly Corporation common stock, $52, and Keefe Corporation prefore $24. Following are the data for the following year (Year 2). Mar. 02: Dividends per share, declared and paid: Kelly Corp., \$1, and Keefe Corp., \$0.50. Oct. 01: Sold 180 shares of Keefe Corporation preferred stock at $25 per share. Dec. 31: Fair values: Kelly common, $46 per share, Keefe preferred, $26 per share. Year 1 Year 2 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 journal entry isn't required for the transaction, select "N/A-Debit" and "N/A-Credit" as the account names and leave the Dr. and Cr. answers blank (zero). Note: Use a negative sign to indicate a loss. 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