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: 20Y8 Feb. Apr. 1. June 14. Purchased 2,400 shares of Apollo Inc. common stock at $30 per share plus a brokerage commission of $480. Apollo Inc. has 102,480 shares of common stock outstanding, Purchased securities of Ares Inc. as a trading investment for $14,640. 1. Sold 600 shares of Apollo Inc. for $31 per share less a $80 brokerage commission. 27. Received an annual dividend of $0.11 per share on 1,800 shares of Apollo Inc. stock. 15. Sold the remaining shares of Apollo Inc. for $29 per share less a s22 brokerage commission. 31. The trading securities of Ares Inc. have a fair value on December 31 of $19,540. June Oct. Dec. 2049 Mar. July 14. Purchased securities of Athena Inc. as a trading investment for $38,565. 30. Sold securities of Athena Inc. that cost $7,030 for $5,740. 31. The fair values of the Ares Inc. and Athena Inc. securities are as follows: Dec. Issuing Company Cost Fair Value Ares Inc. $14,640 $15,600 Athena Inc. 54,360 61,200 Required: 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. Required: 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 Description Debit Credit 2018 Feb. 14 Apr. 1 June 1 June 27 Oct. 15 Dec. 31 2019 Mar. 14 July 30 Dec. 31 2. Prepare the Trading Investments section of the December 31, 2019, 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.? often as Unrealized gains or losses are reported in the