Question 3: FKG Inc. carries the following investments on its books at December 31,2015. and December 31, 2016. All securities were purchased during 2015. Trading Securities: Company Cost Value, Dec. 31, 2015 value Dec. 31, 2016 A Company $25,000 $13,000 S20.000 $20,000 $20,000 S13,000 B Company $25,000 $30,000 $35,000 C Company Available for Sale Cost Value, Dec. 31, 2015 Value, Dec. 31, 2016 Company $50,000 S230,000 Securities: X Company $210,000 $70,000 S60,000 $50,000 Y Company Required: on December 3l 2015. (1.) Prepare the necessary journal entries for FKG