Zeus Investments Inc. is a regional investment company that began operations on January 1, Year 1. The following transactions relate to trading securities acquired by Zeus Investments Inc., which has a fiscal year ending on December 31:

Year 1
Feb. 14.	Purchased 2,500 shares of Apollo Inc. as a trading security at $30 per share plus a brokerage commission of $500.
Apr. 1.	Purchased 1,200 shares of Ares Inc. as a trading security at $12 per share plus a brokerage commission of $240.
June 1.	Sold 600 shares of Apollo Inc. for $31 per share less an $80 brokerage commission.
June 27.	Received an annual dividend of $0.12 per share on Apollo stock.
Dec. 31.	The portfolio of trading securities was adjusted to fair values of $34 and $13 per share for Apollo Inc. and Ares Inc., respectively.
Year 2
Mar. 14.	Purchased 1,100 shares of Athena Inc. as a trading security at $35 per share plus a $165 brokerage commission.
June 26.	Received an annual dividend of $0.15 per share on Apollo Inc. stock.
July 30.	Sold 200 shares of Athena Inc. for $29 per share less a $60 brokerage commission.
Dec. 31.	The portfolio of trading securities had a cost of $103,655 and fair value of $100,100, requiring a credit balance in Valuation Allowance for Trading Investments of $3,555 ($103,655 - $100,100). Thus, the debit balance from December 31, Year 1 is to be adjusted to the new balance.