3. Kristopher Company began operations in 2014. At 12/31/21, Kristopher had a debit balance of $30,000 in its Allowance for Adjustment to Market. At January 1, 2021, Kristopher owned the following securities, accounted for using the fair value method. Cost MJO Common (25,000 shares) $525,000 JKH Preferred (1,900 shares) 200,000 EKH Common (7,500 shares) 82,000 During 2021 the following events occurred: 4/3/21 9/6/21 Sold 4,000 shares of MJO for $86,000. Acquired 1,500 shares of WVO Common for $28 per share. At 12/31/21, the fair values for Kristopher's securities were: MJO Common, $23 per share JKH Preferred, $104 per share EKH Common, $14 per share WVO Common, $30 per share Required: a. Prepare any journal entries required in 2021 to record the securities activity, including any required adjusting entries at 12/31/21. Show any calculations. b. Show the financial statement presentation for all securities activity during 2021.