value 10.00 points First National Bank buys and sells securities, expecting to eam profits on short-term differences in price. The company's fiscal year ends on December 31. The following selected transactions relating to First National's trading account occured during the year December 20 Purchases 250,000 shares in Classic Computers common stock for $1,125,000. December 28 Receives cash dividends of $5,500 from the Classic Computers shares December 31 The fair value of Classic Computers' stock is $4.30 per share. Required: 1. Record each of these transactions, including an adjustment on December 31 for the investment's fair value, if appropriate. (If no entry is required for a transaction/event, select "N journal entry required" in the first account field.) View transaction list Journal entry worksheet