The following is equity investment trading portfolio in $31/12/2023$Name Shares#$.$ Amount SAFC. $30000.150000$RANC. $56000.224000$The adjusted to fair market value in $31/12/2023$ was debit $$6000$The following are selective transaction occurred during $20241/2/2024$ sold $20,000$ of RANC for $70,000$$$15/02/2024$ sold $24000$ shares of SAFC $132000\mathrm{.}1/03/2024$ purchases $10000$ shares of SAFC for $4\mathrm{.}5$ each$\mathrm{.}15/03$ was received from SAFC dividend of $500031/03$ the company purchased $10,000$ shares of sully company for $100,000$SRequired: prepare all entries for investment and the adjusted entry in $31/03/2024$ if the fair market value for the investment was:company sharesFair marketSully$9\mathrm{.}5$ for shareSAFC$4\mathrm{.}5$ for shareRANC$4\mathrm{.}25$ for share