Accounting for Investments - FV-NI
on December 31, 2020, Hubble

Accounting for investments - FV-NI
On December 31, 2020, Hubble Corp. has the following securities in its portfolio of temporary investments:
$\begin{array}{c}\begin{array}{lll}\\ \text {5,000 common shares of Orion Corp. }\\ \text {10,000 common shares of Rigel Ltd.}\\\\\end{array}\begin{array}{lll}\text { Cost }\\\$80,000\\91,000\\\$171,000\end{array}\begin{array}{lll}\text { Market }\\\$69,500\\92,500\\\$162,000\end{array}\end{array}$
All of the securities had been purchased in 2020. In 2021, Hubble completed the following securities transaction:
Apr $\quad$ 1 $\quad$ Bought 300 common shares of Aries Corp. @ $ 50 each, plus fees of $ 550.
On December 31, 2021, Hubble's portfolio of trading equity securities appeared as follows:
$\begin{array}{c}\begin{array}{lll}\\ \text {5,000 common shares of Orion Corp.}\\ \text {10,000 common shares of Rigel Ltd. }\\ \text {300 common shares of Aries Corp.}\\\\\end{array}\begin{array}{lll}\text { Cost }\\\$80,000\\91,000\\15,000\\\$186,000\end{array}\begin{array}{lll}\text { Market }\\\$78,000\\99,250\\12,750\\\$190,000\end{array}\end{array}$
Instructions
Assuming Hubble uses the FV-NI model, prepare the general journal entries for:
a) the 2020 year-end adjusting entry,
b) the purchase of the Aries Corp. shares,
c) the 2021 year-end adjusting entry.