You skipped this question in the previous attempt. Kirkland Company had no trading debt securities prior to this year. It had the following transactions this year involving trading debt securities Aug. 2 Purchased Verizon bonds for $50,eee. Sept. 7 Purchased Apple bonds for $75,000. 12 Purchased Mastercard bonds for $60,000. Oct. 21 Sold some of its Verizon bonds that had cost $4, eee for $4,100 cash. 23 Sold some of its Apple bonds that had cost $55,000 for $55,400 cash. Nov. 1 Purchased Walmart bonds for $80, eee. Dec. 1e Sold all of its Mastercard bonds for $58,000 cash. Required 1. Prepare journal entries to record these transactions 2. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $48,500: Apple, $42,000, and Walmart, $59.000. 3. Prepare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required B Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $48,500; Apple, $42,000; and Walmart, $59,000. Cost Portfolio of Trading Securities Fair Value Unrealized Amount Verizon bonds $ 77,000 Apple bonds Walmart bonds $ 77,000 $ 0 Total