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Stock Iwestment Transactions, Trading Securities Zeus Investments inc. is a regional investment company that began operation on dowwy 1. Year 1. The following transaction relate

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Stock Iwestment Transactions, Trading Securities Zeus Investments inc. is a regional investment company that began operation on dowwy 1. Year 1. The following transaction relate to trading securities acroured by Zeus investments Inc. which hat a fiscal year ending on December 31 Year 1 Feb. 14. Purchased 3,900 shares of Apollo Inc. was a trading security at $32 per share phas a brokerage commision of $380. Apr 1. Purchased 900 shares of Ares Inc. as a trading security at $13 per share plus a brokerage commission of $180 June 1. Sold 500 shares of Apollo Int. for $33 per share less an $70 brokerage commission June 27. Received an annual dividend of $0.15 per share on Apollo stock Dec 1. The portfolio of trading securities was adjusted to fair values of $36 and $14 per share for Apollo Inc. and Ares Inc. respectively Year 2 Mar. 14. - Purchased 800 shares of Athena Inc. as a trading security at 337 per shoe plus a $120 brokerage commission June 26. Received an annuadend of $0.18 per share on Apollo Inc stock July 30 Sold 100 shares of Athena Inc. for $31 per share less a $30 brokerage commission Dec. 31. The portinis et trading securities had a cost of $82.965 and fair value of $80,000, routing a credit balance in Valuation Allowance for Trading Investments of $2,965 (582,965 - $80,000). Thus, the debit balance from December 31 Year is to be adjusted to the new balance Required: Pri Required: 1. Journal the entries to record these transactions Formation, if an amount box does not require an entry, wit bank in your comutation round per share and to two decimal place. When required, round finalaswers to the most dollar Date Description Deb Feb 14 1 une 1 dropdown une 27 June 2 CET ET.AL Dec 31 Year 2 Mar. 14 June 26 July 30 Dec 31 July 30 De 2. Prepare the investment-related current asset balance sheet presentation for Zeus Investments Inc. on December 31, Year 2. Balance Sheet (lected Items bo 312 Current Assets: 5 3. How are unrealized gains or losses on trading investments presented in the financial statements of Zeus Investments inc.? Unrealized gains or losses are reported in the often as Chooky Work

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