Question 1 Temporary Investments (15 minutes) The RBJ manufacturing company had some extra funds available in 20X6, and decided to ask its stockbroker to purchase some investments. There were no temporary investments at the start of the year. The following is a list of the shares that were purchased and sold in 20X6 and 20x7. Date Jan. 1, 20X6 Jan. 1, 20X6 Dec. 31, 20X6 Dec. 31, 20X6 Dec. 31, 20X7 Name of share Axle Ltd. Brake Ltd. Brake Ltd. Carbo Ltd. Axle Ltd. # of shares purchased(sold) 500 2,000 (800) 1,000 (250) RBJ always purchased and sold its shares at market value. The market values of each share are summarized below: Date Jan. 1, 20X6 Dec. 31, 20X6 Dec. 31, 20X7 Axle Ltd. $60 $50 $69 Brake Ltd. $10 $ 8 $14 Carbo Ltd. $36 $30 $25 REQUIRED: Prepare journal entries for RBJ for the following dates: a) January 1, 20X6. b) December 31, 20X6. c) December 31, 20x7. Please show all calculations