Cantor Corporation's Balance Sheet at December 31, 2013, Showed the Following

Cantor Corporation's balance sheet at December 31, 2013, showed the following:
Short-term investments, at fair value $46,500
Cantor Corporation's trading portfolio of stock investments consisted of the following at December 31, 2013: $\begin{array}{llr}\text { Investment }&\text { Number of Shares } &\text { Cost }\\\hline \text { Interstate Common Stock } & 200 & \$ 30,000 \\\text { Danforth Preferred Stock } & 400 & 6,000 \\\text { Georgin Common Stock } & 300 & 9,000 \\\hline &&\$ 4500\end{array}$
During 2014, the following transactions took place:
Feb. 5 $\quad$ Sold 50 shares of Interstate common stock for $7,900.
Mar. 30 $\quad$ Purchased 25 shares of Georgia common stock for $850.
Sept. 9 $\quad$ Purchased 50 shares of Georgia common stock for $2,000.
At year end on December 31, 2014, the fair values per share were: $$\begin{array}{l}&\text { Market Value Per Share }\\\text { Interstate Common Stock } & \$ 151.00 \\\text { Danforth Delta Preferred Stock } & \$ 13.00 \\\text { Georgin Common Stock } & \$ 33.00\end{array}$$ Instructions
(a) Prepare the journal entries to record the 2014 stock transactions.
(b) On December 31, 2014, prepare any adjusting entry that might be necessary relative to the trading portfolio.
(c) Show how the stock investments will appear on Cantor Corporation's balance sheet at December 31, 2014.