Transactions for common stock and trading investments Zeus Investments Inc. is a regional freight company that began operations on January 1, 20Y8. The following transactions relate to trading securities acquired by Zeus Inc., which has a fiscal year ending on December 31: 2018 Feb. Apr. June 14. Purchased 1,800 shares of Apollo Inc. common stock at $36 per share plus a brokerage commission of $360. Apollo Inc. has 95,160 shares of common stock outstanding. 1. Purchased securities of Ares Inc. as a trading investment for $12,780. 1. Sold 400 shares of Apollo Inc. for $37 per share less a $50 brokerage commission. June 27. Received an annual dividend of $0.11 per share on 1,400 shares of Apollo Inc. stock. Oct. 15. Sold the remaining shares of Apollo Inc. for $35 per share less a $24 brokerage commission. Dec. 31. The trading securities of Ares Inc. have a fair value on December 31 of $17,780. 2019 Mar 14. Purchased securities of Athena Inc. as a trading investment for $33,720. July Dec. 30. Sold securities of Athena Inc. that cost $4,215 for $3,570. 31. The fair values of the Ares Inc. and Athena Inc. securities are as follows: Issuing Company Cost Fair Value Ares Inc. Athena Inc. Required: $12,780 50,680 $13,500 56,000 1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. If an amount box does not require an' entry, leave it blank. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. Date 20Y8 Feb. 14 Apr. 1 Description Debit Credit June 1 June 27 Oct. 15 Dec. 31 20Y9 Mar. 14 July 30 Dec. 31 2. Prepare the Trading Investments section of the December 31, 20Y9, balance sheet for Zeus Inc. Zeus Investments Inc. Balance Sheet (selected items) December 31, 2019 Current Assets: 3. How are unrealized gains or losses on trading investments presented on the financial statements of Zeus Inc.? Unrealized gains or losses are reported in the , often as