2. St Pierre Company has the following equity securities in its portfolio on 12/31/2021: Fair Value Cost 7,000 shares of Hawk Corp $ 151,000 $149,000 10,000 shares of Regis 184,000 170,000 The securities were purchased in 2021. In 2022, St Pierre completed the following transactions: 3/1/2022: Sold 7,000 shares of Hawk Corp at $32/share. Brokerage fees paid was $1,500. 4/1/2022: Bought 600 shares of Belmont stocks for $45/share. Brokerage fees paid was $550. On 12/31/2022, the fair values of the securities are: Regis $185,500, Belmont $25,500. Instructions: Prepare the general journal entries for: (a) the adjusting entry on 12/31/2021. (b) the sale of the Hawk Corp stock. (c) the purchase of the Belmont stock. (d) the adjusting entry on 12/31/2022