Problem 2 (24%) Stewart Corporation's trading portfolio of available for sale stock investments consisted of the following at December 31, 2017: Stock Number of Shares Cost Conn Common Stock 200 $28,000 Ares Preferred Stock 400 6,000 Hall Common Stock 300 9,000 $43.000 Instructions (a) Prepare the journal entries to record the 2018 stock transactions. Feb. 5 Sold 100 shares of Conn common stock for $20,000. Mar. 30 Received a $1/Share from the Hall Common stock. May 15 Sold 400 shares of Ares Preferred Stock for 3,800. Jun 26 Purchases 300 shares of Fairy Common stock for $ 27,000. (b) Prepare the necessary adjusting entry on December 31, 2018, when the fair values per share were: Conn Common Stock $156.00 Hall Common Stock $20.00 Fairy Common Stock $100.00