Rios Co. is a regional thsurance company that began operations on January 1, 2012 The following selected transactions relate to investments acquired by Rios Co, which has a fiscal year ending on December 31. 20Y2 Feb 1 Purchased 7,300 shares of Caldwell Inc. common stock at $37 per share plus a brokerage commission of $730. Caldwell has 100,000 shares of common stock outstanding May 1 Purchased securities of Holland Inc. as a trading investment for $84,798 July 1 31 Nov. 15 Dec 31 Sold 3,800 shares of Caldwell Inc. for $35 per share less a $105 brokerage commission. Received an annual dividend of $0.30 per share on 3,500 shares of Caldwell Inc. stock Sold the remaining shares of Caldwell Inc. for $38 per share less a $85 brokerage commission The trading securities of Holland Inc. have a fair value on December 31 of $75,450 Apr. 20Y3 1 Purchased securities of Fuller Inc. as a trading investment for $139,440. Oct 14 Sold securities of Fuller Inc. that cost $27,888 for $29,710 Dec. 31 The fair values of the Holland Inc. and Fuller Inc. securities are as follows: Issuing Company Cost Fair Value Holland Inc. $84,798 $196,350 Fuller Inc. 111,552 78,646 Instructions Chart of Accounts Labels and Amount Descriptions Journal Balance Sheet Instructions 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 Record these transactions on page 10 2012 Feb 1 Purchased 7,300 shares of Caldwell Inc common stock at $37 per share plus a brokerage commission of $730 Caldwell has 100,000 shares of common stock outstanding May 1 Purchased securities of Holland inc. as a trading investment for $84,798 July 1 31 Sold 3,000 shares of Caldwell Inc. for $35 per share less a $105 brokerage commission Received an annual dividend of $0.30 per share on 3,500 shares of Caldwell Inc stock Record these transactions on page 10 2012 Feb 1 Purchased 7,300 shares of Caldwell Inc common stock at $37 per share plus a brokerage commission of $730 Caldwell has 100,000 shares of common stock outstanding May July 1 Purchased securities of Holland Inc. as a trading investment for $84,798 1 31 Nov 15 Dec 31 Sold 3,800 shares of Caldwell Inc. for $35 per share less a $105 brokerage commission Received an annual dividend of $0.30 per share on 3,500 shares of Caldwell Inc stock Sold the remaining shares of Caldwell Inc. for $38 per share less a $85 brokerage commission The trading securities of Holland Inc. have a fair value on December 31 of $75,450 Instructions Record these transactions on page 11: 20Y3 Apr. Oct 1 Purchased securities of Fuller Inc. as a trading investment for $139,440. 14 Sold securities of Fuller Inc. that cost $27,888 for $29,710. Dec 31 The fair values of the Holland Inc. and Fuller Inc. securities are as follows: Issuing Company Cost Fair Value Holland Inc. $84,798 $196,350 Fuller Inc. 111,552 78,646 Required: 1 Joumalize the entries to record the preceding transactions, including any December 31 adjusting entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered 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 Refer to the Chart of Accounts and the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Colons () will fill in where needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios Co?