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. 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 Received a $4.10 per share cash dividend on the Smith Company shares. April 16 Purchased 4,500 shares of BGJ Company stock at $29 per share. 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. Requirement General Journal General Ledger Trial Balance

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 Purchased 3,000 shares of Smith Conpany stock at $54 per share. Juty 20 Purchased 1, 400 shares of Twist Conpany stock at $21 per share. August 15 Received an $1.10 per share cash dividend on the BGJ Conpany stock. August 28 Sold 2,700 shares of BGJ Cospany stock at $32 per share. October 1 Received a $4.70 per share cash dividend on the Snith Company shares. December 15 Received a $1.30 per share cash dividend on the remaining BGJ Company shares. December 31 Received a $4.10 per share cash dividend on the Snith Company shares. General Journal tab - Prepare the required journal entries for each of the transactions of Twinings Corporation for the current year. Prepare the adjustment to fair value for the available-for-sale portfolio. General Ledger and Trial Balance tabs - The cost of each of the avallable-for-sale securities can be found on the General Ledger and/or Trial balance tabs. Fair Value Adjustment tab - Calculate the total cost and total fair value of the available-for-sale portfolio, and then use the 3-step adjusting entry process to calculate the amount of the year-end adjustment to fair value. Transaction Analysis tab - For each transaction, indicate the total impact on assets and equity. If equity changed, indicate whether the change was a component of income or a direct component of stockholders' equity. Financlal Statement Impact tab - Prove the accuracy of the totals on the Transaction Analysis tab by selecting the account titles that report the total change in income and equity