Trattoria,Inc At December 31,Year 1,the Market Value of Tarbet's Shares Was

Trattoria,Inc.engaged in the following investment transactions during Year 1:
$\begin{array}{|l|l|}\hline 1 . & \begin{array}{l}\text { purchased } 200 \text { shares of the Tarbet } \\\text { Corporation for } \$ 11,500\end{array} \\\hline 2 . & \begin{array}{l}\text { received a } \$ 1.50-\text { per-share dividend on the } \\\text { Tarbet shares }\end{array} \\\hline 3 . & \begin{array}{l}\text { sold } 50 \text { shares of the Tarbet Corporation for } \\\$ 55 \text { per share }\end{array} \\\hline\end{array}$
At December 31,Year 1,the market value of Tarbet's shares was $54.
$\begin{array}{|l|l|}\hline \text { A) } & \begin{array}{l}\text { Prepare journal entries to record this } \\\text { investment assuming management intends to } \\\text { hold this investment for less than a month. }\end{array} \\\hline \text { B) } & \begin{array}{l}\text { Calculate the market value of the company's } \\\text { investment at December 31, Year 1. }\end{array} \\\hline \text { C) } & \begin{array}{l}\text { Prepare the necessary journal entry at } \\\text { December 31, Year 1. }\end{array} \\\hline \text { D) } & \begin{array}{l}\text { How should this investment be disclosed in } \\\text { the December 31, Year 1 financial } \\\text { statements? }\end{array} \\\hline\end{array}$