Aranda Corporation made the following cash purchases of securities during 2017, which is the first year in which Aranda invested in securities.

1. On January 15, purchased 10,000 shares of Sanchez Companys common stock at $33.50 per share plus commission $1,980.

2. On April 1, purchased 5,000 shares of Vicario Co.s common stock at $52.00 per share plus commission $3,370.

3. On September 10, purchased 7,000 shares of WTA Co.s preferred stock at $26.50 per share plus commission $4,910.

On May 20, 2017, Aranda sold 4,000 shares of Sanchez Companys common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $3,850. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28.00. In addition, the chief accountant of Aranda told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases.

Entry" foi account tties andante rity purch (Round answer to o decimal places, e.g. 2,500. Credit ts.) tomatically indented when amount ually. If try required, select "No May 20 to 0 decimal places, .g. 2,500. Credit account titles utomatically indented when amount is tered. Do not indent manually. entry is required, select "No Entry" for the unts.) d Explanation May 20, 2017 Compute the unrealized gains o losses. (Round answer to 0 decimal places, e.g. 2,500.) Unrealized Prepare the adjusting entries for Arenda on December 3 2017 (Round answers to o decimal places, e.g. 2,500. Credit account titles are automatically Indented when amount Es entered. Do not indent manually. Ir no entry ls required, select "No Entry" for the accou nt titles and enter for the amounts.) Account Titles and Explanation Credit Dec. 31, 2017