At December 31, 2021, Perth Inc. has the following investments. Assume the FVTPL investments are held for trading. Security Investment Category Carrying Value Fair Value Co. A common shares FVTPL $19,000 $16,000 Co. B preferred shares FVTPL 11,500 14,000 Co. C common shares Total FVTPCI 21,000 19,000 $51,500 $49,000 (a) Prepare the adjusting entries required at December 31 to reflect the above information. (b) Show the financial statement presentation (balance sheet AND statements of income and comprehensive income) of the investments and related transactions and adjustments at December 31, 2021. (Ignore income tax.) BE SPECIFIC AS TO CLASSIFICATION AND ACCOUNT TITLE. (c) Assuming that on March 20, 2022, Perth sold Co. B preferred shares for $13,000, and sold Co. A common shares for $17,500. Prepare the journal entries to record these transactions.