(TCO B) The following information pertains to Fox Inc.s portfolio of marketable securities for the Year ended Dec 31, Year 1 and Dec 31, Year 2.

	Cost	Fair Value at 12/31 Year 1	Year 2 Activity: Purchases	Year 2 Activity: Sales	Fair Value at 12/31 Year 2
Trading Securities
Smith Co.	$230,000	$240,000			$235,000
Jones Co	$290,000	$275,000			$285,000
Available for Sale Securities
Williams's Co.	$270,000	$245,000		$255,000	N/A
Gores Co.	$250,000	$235,000			$265,000
Held to Maturity Securities
Martin Co.			1,400,00		$1,250,000

Note 1: Fox Inc. uses US GAAP Note 2: Fox Inc. uses valuation accounts to record changes in the fair value of its marketable securities Note 3: The Martin Co. security was purchase at par value Note 4: The decline in the value of Martin Co. is considered to be other than temporary Requirement: Record the journal entries for the following marketable securities transactions based on the information given in the table.

• (1) Mark to market journal entry for the Smith Co security at 12/31 Year 1
• (2) Mark to market journal entry for the Williams Co security at 12/31 Year 1
• (3) Mark to market journal entry for the Smith Co security at 12/31 Year 2
• (4) Mark to market journal entry for the Williams Co security at 12/31 Year 2
• (5) Journal entry to record purchase of Martin Co. Investment
• (6) Journal entry to record the impairment of Martin Co. Investment