QUESTION 3 20 points Farrell Jumpe International's trading portfolio of stock Investments consisted of the following at December 31, 2020 STOCK No. OF SHARES COST PER SHARE TOTAL COST 150 FOGGE Common Stock SAIRS Preferred Stock BARNES Common Stock FARNES Common Stock 370 5140 15 30 25 175 200 $21,000 5,550 5,250 5,000 TOTAL $36,800 Al year end on December 31, 2020, the fair values per share were: FOGGE Common Stock SAIRS Preferred Stock BARNES Common Stock FARNES Common Stock $158 14 34 23 Instructions BE SURE TO PROVIDE SUPPORTIVE COMPUTATIONS (a) On December 31, 2020, prepare any adjusting entry that might be necessary relative to the trading portfolio 14 POINTS (c) Prepare a partial balance sheet showing how the stock investments will be value and appear at December 31, 2020. 6 POINTS