takeAssignmentMain.do?invoker= assignments&takeAssignmentSessionLocator assignment-take&inp TeurovperaoTYO Name Number of Shares Cost Arden Enterprises Inc. 5,000 $150,000 French Broad Industries Inc. 2,750 66,000 Pisgah Construction Inc. 1,600 104,000 Total $320,000 The market price per share for the trading security portfolio on December 31, Year 1, was as follows: Market Price per Share, Dec. 31, Year 1 Arden Enterprises Inc. $34 French Broad Industries Inc. 26 Pisgah Construction Inc. 60 a. Provide the journal entry to adjust the trading security portfolio to fair value on December 31, Year 1. If no entry is required, select "no entry required" and leave the amount box blank Year 1, Dec. 31 Activate Windows Previous Next /takeAssignmentMain.do?invoker=assignments &takeAssignmentSession Locator=assignment-take&inprogr follows: Market Price per Share, Dec. 31, Year 1 Arden Enterprises Inc. $34 French Broad Industries Inc. 26 Pisgah Construction Inc. 60 Provide the journal entry to adjust the trading security portfolio to fair value on December 31, a. Year 1. If no entry is required, select "no entry required" and leave the amount box blank. Year 1, Dec. 31 Unrealized Gain on Trading Investments b. Assume that the market prices of the portfolio were the same December 31, Year 2, as they on were on December 31, Year 1 C What would be the journal entry to adjust the portfolio to fair value? If no entry is required, select "no entry required" and leave the amount box blank. Year 2, Dec. 31