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Ayayal Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Cost Fair Value Horton, Inc,

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Ayayal Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Cost Fair Value Horton, Inc, common (5,120 shares) $230,400 $215,160 Monty, Inc. preferred (3,410 shares) 132,990 139,570 Oakwood Corp. common (980 shares) 179,340 178,380 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 2,900 shares of Patriot common stock were acquired at $54 per share on November 2, 2020. The December 31, 2020, fair values were Monty $104,170, Patriot $123,010, and Oakwood $192,360. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 10, 2020 # Cash 266,240 Investment Income 215,160 Gain on Sale of Investn 51,080 Nov. 2, 2020 Investment Income 156,600 I Cash 156,600 Dec. 31, 2020 Unrealized Holding Gain or Fair Value Adjustment

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