Twinings 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 4,500 shares of BGJ Company stock at $29 per share. July 7 July 20 August 15 August 28 October 1 Received a $4.70 per share cash dividend on the Smith Company shares. December 15 Received a $1.30 per share cash dividend on the remaining BGJ Company shares. December 31 Receivedia $4.10 per share cash dividend on the Smith Company shares. Purchased 3,000 shares of Smith Company stock at $54 per share. Purchased 1,400 shares of Twist Company stock at $21 per share. Received an $1.10 per share cash dividend on the BGJ Company stock. Sold 2,700 shares of BGJ Company stock at $32 per share.

The year-end fair values per share are: BGJ Company, $30.00; Smith Company, $52.50; and Twist Company, $18.00. Calcu total cost and total fair value of the available-for-sale portfolio as of December 31 , and calculate the amount of the re year-end adjusting entry, if any. 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. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockhoiders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Twinings 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 4,580 shares of BGJ Company stock at $29 per share. July 7 Purchased 3,000 shares of Smith Company stock at $54 per share. July 20 Purchased 1,400 shares of Twist Company stock at $21 per share. August 15 Received an $1.10 per share cash dividend on the BGJ Company stock. August 28 Sold 2,700 shares of BGJ Company stock at $32 per share. October 1 Received a $4.70 per share cash dividend on the Smith Company shares. December 15 Received a $1.30 per share cash dividend on the remaining BGJ Company shares. December 31 Receivedla $4.10 per share cash dividend on the Smith Company shares. The year-end fair values per share are: BGJ Company, $30.00; Smith Company, $52.50; and Twist Company, $18.00. Calcu total cost and total fair value of the available-for-sale portfolio as of December 31 , and calculate the amount of the re year-end adjusting entry, if any. 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. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockhoiders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Twinings 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 4,580 shares of BGJ Company stock at $29 per share. July 7 Purchased 3,000 shares of Smith Company stock at $54 per share. July 20 Purchased 1,400 shares of Twist Company stock at $21 per share. August 15 Received an $1.10 per share cash dividend on the BGJ Company stock. August 28 Sold 2,700 shares of BGJ Company stock at $32 per share. October 1 Received a $4.70 per share cash dividend on the Smith Company shares. December 15 Received a $1.30 per share cash dividend on the remaining BGJ Company shares. December 31 Receivedla $4.10 per share cash dividend on the Smith Company shares