$$Transactions for common stock and trading investmentsZeus Investments Inc. is a regional freight company that began

operations on January $1,20$Y$8.$ The following transactions relate to

trading securities acquired by Zeus Inc., which has a fiscal year

ending on December $31$:$$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.$$CashDividend RevenueInterest ReceivableInvestments$-$Apollo Inc.

StockValuation Allowance for Trading InvestmentsCashDividend RevenueGain on Sale of

InvestmentsInvestments$-$Apollo Inc. StockUnrealized Loss on Trading

InvestmentsCashDividend RevenueInterest ReceivableTrading Investments$-$Ares

Inc.Valuation Allowance for Trading InvestmentsCashDividend RevenueInterest ReceivableTrading Investments$-$Ares

Inc.Valuation Allowance for Trading InvestmentsCashDividend RevenueGain on Sale of

InvestmentsInvestments$-$Apollo Inc. StockLoss on Sale of

InvestmentsCashDividend RevenueGain on Sale of InvestmentsLoss on Sale of

InvestmentsValuation Allowance for Trading InvestmentsCashGain on Sale of InvestmentsInterest

ReceivableInvestments$-$Apollo Inc. StockLoss on Sale of

InvestmentsCashDividend RevenueInterest RevenueInvestments$-$Apollo Inc.

StockLoss on Sale of InvestmentsCashDividend RevenueGain on Sale of

InvestmentsInvestments$-$Apollo Inc. StockValuation Allowance for

Trading InvestmentsCashInvestments$-$Apollo Inc. StockUnrealized Gain on Trading

InvestmentsUnrealized Loss on Trading InvestmentsValuation

Allowance for Trading InvestmentsDividend RevenueInterest RevenueInvestments$-$Apollo Inc.

StockLoss on Sale of InvestmentsValuation Allowance for Trading

InvestmentsCashDividend RevenueInvestments$-$Apollo Inc. StockLoss on Sale of

InvestmentsValuation Allowance for Trading InvestmentsCashInvestments$-$Apollo Inc. StockUnrealized Gain on Trading

InvestmentsUnrealized Loss on Trading InvestmentsValuation

Allowance for Trading InvestmentsCashInvestments$-$Ares Inc.Unrealized Gain on Trading

InvestmentsUnrealized Loss on Trading InvestmentsValuation

Allowance for Trading InvestmentsCashDividend RevenueInterest ReceivableTrading

Investments$-$Athena Inc.Valuation Allowance for Trading

InvestmentsCashDividend RevenueInterest ReceivableTrading

Investments$-$Athena Inc.Valuation Allowance for Trading

InvestmentsCashDividend RevenueGain on Sale of InvestmentsTrading

Investments$-$Athena Inc.Valuation Allowance for Trading

InvestmentsDividends ReceivableGain on Sale of InvestmentsInterest

ReceivableTrading Investments$-$Athena Inc.Loss on Sale of

InvestmentsCashDividends RevenueInterest ReceivableLoss on Sale of

InvestmentsTrading Investments$-$Athena Inc.CashInvestments$-$Apollo Inc. StockUnrealized Gain on Trading

InvestmentsUnrealized Loss on Trading InvestmentsValuation

Allowance for Trading InvestmentsCashInvestments$-$Athena Inc.Unrealized Gain on Trading

InvestmentsUnrealized Loss on Trading InvestmentsValuation

Allowance for Trading Investments$2.$Prepare the Trading Investments

section of the December $31,20$Y$9,$ balance sheet for Zeus Inc.$$Dividend RevenueTrading Investments $($at Cost$)$Trading Investments

$($at Fair Value$)$Unrealized Gain on Trading InvestmentsUnrealized

Loss on Trading InvestmentsDividend RevenueTrading Investments $($at Fair Value$)$Unrealized

Gain on Trading InvestmentsUnrealized Loss on Trading

InvestmentsValuation Allowance for Trading InvestmentsTrading Investments $($at Cost$)$Trading Investments $($at Fair

Value$)$Unrealized Gain on Trading InvestmentsUnrealized Loss on

Trading InvestmentsValuation Allowance for Trading Investments$3.$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$$balance sheetincome statement, often as$$Other Asset $($Liability$)$Other Revenue.$$