Van 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 6,000 shares of Fields Company stock at $27 per share.
July 7	Purchased 4,500 shares of Green Company stock at $52 per share.
July 20	Purchased 2,000 shares of Smith Company stock at $19 per share.
August 15	Received an $1.40 per share cash dividend on the Fields Company stock.
August 28	Sold 3,600 shares of Fields Company stock at $30 per share.
October 1	Received a $4.00 per share cash dividend on the Green Company shares.
December 15	Received a $1.70 per share cash dividend on the remaining Fields Company shares.
December 31	Received a $3.40 per share cash dividend on the Green Company shares.

The year-end fair values per share are: Fields Company, $28.00; Green Company, $50.50; and Smith Company, $16.00. Calculate the total cost and total fair value of the available-for-sale portfolio as of December 31, and calculate the amount of the required year-end adjusting entry, if any.

	Cost of investments at December 31:	# of Shares		Cost
	Fields Company stock
	Green Company stock
	Smith Company
	Total cost
	Fair value of investments at December 31:	# of Shares	Fair value per share	Fair Value
	Fields Company stock
	Green Company stock
	Smith Company
	Total fair value
	Total unrealized gain/loss as of December 31:
Step 1:	Determine what the unadjusted balance in the fair value adjustment equals:
Step 2:	Determine what the adjusted balance in the fair value adjustment account should equal:
Step 3:	Determine the amount of the adjustment to the fair value adjustment account required to get from Step 1 to Step 2:

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 stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity.

	Change in	Change in equity:
	Total assets	As a component of net income	As a direct component of stockholders' equity	Total change in equity
Apr. 16) Purchased 6,000 shares of Fields Company stock at $27 per share.				$0
Jul. 7) Purchased 4,500 shares of Green Company stock at $52 per share.				0
Jul. 20) Purchased 2,000 shares of Smith Company stock at $19 per share.				0
Aug. 15) Received an $1.40 per share cash dividend on the Fields Company stock.				0
Aug. 28) Sold 3,600 shares of Fields Company stock at $30 per share.				0
Oct. 1) Received a $4.00 per share cash dividend on the Green Company shares.				0
Dec. 15) Received a $1.70 per share cash dividend on the remaining Fields Company shares.				0
Dec. 31) Received a $3.40 per share cash dividend on the Green Company shares.				0
Dec. 31) Adjusted the securities to year-end fair value.				0
Totals	$0	$0	$0	$0

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.

On the transaction analysis tab, you indicated that total income changed by:		$0
Select the income statement account balances that prove this amount:
		0
		0
		0
Total net income