Rios Co. is a regional insurance company that began operations on January 1, 20Y2. The following selected transactions relate to investments acquired by Rios Co., which has a fiscal year ending on December 31:

20Y2

Feb.1 Purchased 6,600 shares of Caldwell Inc. common stock at $43 per share plus a brokerage commission of $660. Caldwell has 100,000 shares of common stock outstanding. May1Purchased securities of Holland Inc. as a trading investment for $82,998.July1Sold 3,430 shares of Caldwell Inc. for $41 per share less a $115 brokerage commission. 31Received an annual dividend of $0.25 per share on 3,170 shares of Caldwell Inc. stock.Nov.15Sold the remaining shares of Caldwell Inc. for $44 per share less a $95 brokerage commission.Dec.31The trading securities of Holland Inc. have a fair value on December 31 of $74,343.

20Y3

Apr.1 Purchased securities of Fuller Inc. as a trading investment for $109,395.Oct.14 Sold securities of Fuller Inc. that cost $21,879 for $23,355.Dec.31The fair values of the Holland Inc. and Fuller Inc. securities are as follows:Issuing Company Cost Fair Value Holland Inc. Cost: $82,998 Fair value:$170,514 Fuller Inc. Cost:87,516 Fair value:78,737

1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. Round your intermediate calculations to two decimal places and round your final answers to the nearest dollar.2. Prepare the Trading Investments section of the December 31, 20Y3, balance sheet for Rios Co. Be sure to complete the statement heading.