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[Show your computation] Euro Co. has the following portfolio of investments at September 30, 2022, its last reporting date. Investments Cost Fair Value Stabilo, Inc
[Show your computation] Euro Co. has the following portfolio of investments at September 30, 2022, its last reporting date. Investments Cost Fair Value Stabilo, Inc ordinary (5,000 shares) 215,000 279,500 Bearue Co. preference (3,500 shares) 133,000 113,000 Standco Corp. ordinary (1,000 shares) 180,000 200,000 Euro Co has made adjustments to its investments at the end of September, 2022 On October 10, 2022, the Stabilo shares were sold at a price of 55 per share. In addition, 2,000 ordinary shares of Alaska, Inc. were acquired at 54.50 per share on November 2, 2022. The December 31, 2022, fair values were Bearue Co. 106,000, Alaska 132,000, and Standco 195,000. All the investments are classified as non-trading. Instructions Prepare the journal entries to record the sale, purchase, and adjusting entries related to the investments in the last quarter of 2022
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