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Zeus Investments Inc. is a regional investment company that began operations on January 1, 2016. The following transactions relate to trading securities acquired by Zeus Investments Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

2016
Feb.	14	Purchased 4,800 shares of Apollo Inc. as a trading security at $26 per share plus a brokerage commission of $192.
Apr.	1	Purchased 2,300 shares of Ares Inc. as a trading security at $19 per share plus a brokerage commission of $92.
June	1	Sold 600 shares of Apollo Inc. for $32 per share less a $100 brokerage commission.
	27	Received an annual dividend of $0.20 per share on Apollo Inc. stock.
Dec.	31	The portfolio of trading securities was adjusted to fair values of $33 and $18.50 per share for Apollo Inc. and Ares Inc., respectively.

Record these transactions on page 11:

2017
Mar.	14	Purchased 1,200 shares of Athena Inc. as a trading security at $65 per share plus a $120 brokerage commission.
June	26	Received an annual dividend of $0.21 per share on Apollo Inc. stock.
July	30	Sold 480 shares of Athena Inc. for $60 per share less a $50 brokerage commission.
Dec.	31	The portfolio of trading securities had a cost of $200,032 and a fair value of $188,000, requiring a credit balance in Valuation Allowance for Trading Investments of $12,032 ($200,032 - $188,000). Thus, the debit balance from December 31, 2016, is to be adjusted to the new balance.

	Required:
1.	Journalize the entries to record these transactions.*
2.	Prepare the investment-related current asset balance sheet presentation for Zeus Investments Inc. on December 31, 2017.*
3.	How are unrealized gains or losses on trading investments presented in the financial statements of Zeus Investments Inc.? * Refer to the information given and the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

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