The following information shows Carperk Company's individual investments in securities during its current year, along with the December 31 fair values. a. Investment in Brava Company bonds: $496,100 cost: $539,261 fair value. Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybridge common stock: 29,500 shares, $394,400 cost, $428.713 fair value. Carpetk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge. c. Investment in Duffa bonds: $203.401 cost, $219.266 fair value. This investment is not readily marketable and is not classified as held-to-maturity of trading d. Investment in Newton notes: $13,111 cost: $111.188 fair value. Newton notes are not readily marketable and are not classified as held- to-maturity or trading e. Investment in Farmers common stock: 16,300 shares: $124.025 cost, $131715 fair value. This stock is marketable, and Carperk intends to sell it within the year. This stock investment results in Carperk having an insignificant influence over Farmers. Required: 1. Identify whether each investment should be classified as a short-term or long-term investment. For each investment, indicate in which of the six investment classifications it should be placed 2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Identify whether each investment should be classified as a short-term or long-term investment. For each investment indicate in which of the ske investment classifications it should be placed. Type of Investment Classification of Long-term investment d . Journal entry worksheet