Zein doch weight comerytut beginnen. 200 the big screto bat sortzea betiche ed er der 2.300 hectropole the shares como todo Photo 27 of 0.13 1.700 shares de inte 15. the phone com 1. The rating on were 1520.20 2018 H Puchond een ding next 30. Den hat.com for 17.30 De The tale of the core Twing Company Coutair Value 10.70 300 Regu 1 mathemat pour content that we decimal Des Whitinatanswers to the art du Debit Credit Date Description 2018 0 Feb. 14 Investments-Apollo Inc. Stock Cash 16,720 0 Apr. 1 Trading Investments-Ares Inc. 0 16,720 Cash 0 June 1 Cash Gain on Sale of Investments Investments-Apollo Inc. Stock 0 June 27 Cash Dividend Revenue O Oct. 15 Cash 0 Loss on Sale of Investments Investments Apollo Inc. Stock O Dec. 31 Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments 2019 0 Mar. 14 Trading Investments Athena Inc. 43,150 Cash 0 43,150 July 30 Cash 0 0 Loss on Sale of Investments Trading Investments-Athena Inc. 0 Dec. 31 Valuation Allowance for Trading Investments 0 Unrealized Gain on Trading Investments 0 2. Prepare the Trading Investments section of the December 31, 2019, balance sheet for Zeus Inc. Zeus Investments Inc. Balance Sheet (selected items) December 31, 2019 Current Assets: Trading Investments (at Cost) Valuation Allowance for Trading Investments Trading Investments (at Fair Value) 3. How are unrealized gains or losses on trading investments presented on the financial statements of Zeus Inc.? Unrealized gains or losses are reported in the income statement often as Other Revenue 1 Transactions for common stock and trading investments Zeus Investments Inc. is a regional freight company that began operations on January 1, 2078, The following transactions relate to trading securities acquired by Zeus Inc., which has a fiscal year ending on December 31: 2048 Feb. 14. Purchased 2,200 shares of Apollo Inc. common stock at $37 per share plus a brokerage commission of $440. Apollo Inc. has 111,840 shares of common stock outstanding, Apr 1. Purchased securities of Ares Inc, as a trading investment for $16,720, June 1. Sold 500 shares of Apollo Inc. for $38 per share less a 570 brokerage commission June 27. Received an annual dividend of $0.13 per share on 1,700 shares of Apollo Inc, stock, Oct 15. Sold the remaining shares of Apollo Inc. for $36 per share less a $25 brokerage commission 3.1. The trading securities of Ares Inc. have a fair value on December 31 of $20,220, Dec 2079 Mar 14. Purchased securities of Athena Inc. as a trading investment for $43,150, July 30. Sold securities of Athena Inc. that cost $8,630 for $7,340. Dec 31. The fair values of the Ares Inc and Athena Inc securities are as follows: Issuing Company Cost Fair Value Ares Inc $16,720 517,600 Athena Inc 63,240 69,700 Required: 1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. If an amount box does not require an entry, leave it blank In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. Date Description Debit Credit 2018 Feb. 14 Investments-Apollo Inc. Stock Cash 0 Apr. I Trading Investments-Ares Inc 16,720 V Cash 0 16,720 o June Cash Gain on Sale of Investments Investments Apollo Inc. Stock June 27 Cash Dividend Revenue 0 Oct. 15 Cash 0 Loss on Sale of Investments Investments-Apollo Inc. Stock 0 Dec. 31 Valuation Allowance for Trading Investments 0 Unrealized Gain on Trading Investments 2079 Mar. 14 Trading Investments-Athena Inc. 43,150 43,150 Cash 0 July 30 Cash 0 Loss on Sale of Investments Trading Investments-Athena Inc. Dec. 31 Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments 2. Prepare the Trading Investments section of the December 31, 2049, balance sheet for Zeus Inc. Zeus Investments Inc. Balance Sheet (selected items) December 31, 2019 Current Assets: Trading Investments (at Cost) Valuation Allowance for Trading Investments Trading Investments (at Fair Value) 3. How are unrealized gains or losses on trading investments presented on the financial statements of Zeus Inc.? Unrealized gains or losses are reported in the income statement often as Other Revenue