the journal entry i showed is correct, i dont need any help with that. i just need help on steps two and 3 of the total unrealized gain/loss as of december 31, what to put on the change in equity side for "as direct component of stock holders equity" and fin st impact. thank you in advanced

Edmunds Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 6,000 shares of NYC Company stock at $25 per share. July 7 Purchased 4,500 shares of STO Company stock at $50 per share. July 20 Purchased 2,000 shares of CMO Company stock at $17 per share. August 15 Received an $1.40 per share cash dividend on the MYC Company stock. August 28 Sold 3,600 shares of MYC Company stock at $28 per share. October 1 Received a $3.00 per share cash dividend on the STO Company shares. December 15 Received a $1.70 per share cash dividend on the remaining MYC Company shares. December 31 Received a $2.40 per share cash dividend on the STO Company shares. Requirement General Journal General Ledger Thal Balance Fair Value Ad Transaction Analysis Fin St Impact Prepare journal entries to record each of the transactions and events. Prepare the year-end adjustment to fair value, if any. HE View transaction list View journal entry worksheet No Date Account Ti Credit Debit 150,000 1 Apr 16 Stock investments Cash 150,000 2 Jul 07 Stock investments 225,000 VIEWjoumrmy Worksheer No Date Account Title Debit Credit 1 Apr 16 Stock investments Cash 150,000 150,000 2 2 Jul 07 Stock investments 225,000 Cash 225,000 3 Jul 20 Stock investments Cash 34,000 34,000 4 Aug 15 Cash Dividend revenue 8,400 8,400 5 Aug 28 100,800 Cash Gain on sale of stock investments Stock investments 10,800 90.000 6 Oct 01 13,500 Cash Dividend revenue 13,500 7 Dec 15 Cash 4,080 Dividend revenue 4,080 10,800 8 Dec 31 Cash 10,800 Dividend revenue 9 Dec 31 No journal entry required Cost is Cost of investments at December 31: MYC Company stock STO Company stock CMO Company Total cost # of Shares 2,400 4,500 2,000 60,000 225,000 34,000 319.000 $ # of Shares Fair Value Fair value of investments at December 31: MYC Company stock STO Company stock CMO Company Total fair value 2.400 4,500 Fair value per share $ 26.00 $ $ 48.50 $ 14.00 $ 62.400 218,250 28,000 308,650 2,000 Total unrealized gain/loss as of December 31: $ 10,350 Unrealized loss Step 1: $ 0 $ 0 Step 2: Determine what the unadjusted balance in the fair value adjustment equals: Determine what the adjusted balance in the fair value adjustment account should equal Determine the amount of the adjustment to the fair value adjustment account required to get from Step 1 to Step 2: Credit $ 0 Step 3: mes change in total assets must agree with the change in total equity. To component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the Show less Change in Total assets As a component of net Income Change in equily: As a direct component of stockholders equity Total change in equity $ 0 $ 0 00 0 0 0 8.400 8,400 8,400 Apr. 16) Purchased 6,000 shares of MYC Company stock at $25 per share Jul. 7) Purchased 4,500 shares of STO Company stock at $50 per share. Jul. 20) Purchased 2,000 shares of CMO Company stock at $17 per share Aug. 15) Received an $1.40 per share cash dividend on the MYC Company stock. Aug. 28) Sold 3,600 shares of MYC Company stock at $28 per share. Oct. 1) Received a $3.00 per share cash dividend on the STO Company shares Dec. 15) Received a $1.70 per share cash dividend on the remaining MYC Company shares. Dec, 31) Received a $2.40 per share cash dividend on the STO Company shares Dec 31) Adjusted the securities to year-end fair value. Totals 10,800 10,800 10,800 13,500 13,500 13,500 4,080 4,080 4,080 10,800 10,800 (10.350) 37.230 10,800 (10,350) 37.230 (10.350) 37.230 $ $ $ 0 $ Answer is not complete. Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the Income statement or as a component of stockholders' equity. 37,230 On the transaction analysis tab, you indicated that total income S changed by: Select the income statement account balances that prove this amount 0 0 0 Total net income