Stock Investment Transactions, Trading Securities eus Investments which has a fiscal year ending on December 31: Year 1 Inc. is a regional investment company that began operations on January 1, Year 1. The following transactions relate to trading securities acqu Feb. 14. Purchased 4,800 shares of Apollo Inc. as a trading security at $26 per share plus a brokerage commission of $192. Apr. 1. Purchased 2,300 shares of Ares Inc. as a trading security at $19 per share plus a brokerage commission of $92. June 1. Sold 600 shares of Apollo Inc. for $32 per share less a $100 brokerage commission. June 27. Received an annual dividend of $0.20 per share on Apollo Inc. stock The portfolio of trading securities was adjusted to fair values of $33 and $18.50 per share for Apollo Inc. and Ares Dec. 31. Year 2 Mar. 14. June 26. July 30. Purchased 1,200 shares of Athena Inc. as a trading security at $65 per share plus a $120 brokerage commission. Received an annual dividend of $0.21 per share on Apollo Inc. stock. Sold 480 shares of Athena Inc. for $60 per share less a $50 brokerage commission. The portfolio of trading securities had a cost of $200,032 and a fair value of $188,000, requiring a credit balance in Valuation Allowance for Trading Investments of $12,032 ($188,000-$200,032). Thus, the debit balance from December 31, Year 1, is to be adjusted to the new balance Dec. 31