(b) Post to the investment accounts. (Use T-accounts.)

(c) Prepare the adjusting entry at December 31, 2018 to report the portfolio at fair value

dShow the balance sheet presentation at December 31, 2018, for the investment-related accounts.

Problem 16-05A a-d (Part Level Submission) The following securities are in Sunland Company's portfolio of long-term securities at December 31, 2020. Cost 1,000 shares of Willhite Corporation common stock $50,000 1,400 shares of Hutcherson Corporation 89,600 common stock 1,200 shares of Downing Corporation preferred stock 36,000 On December 31, 2020, the total cost of the portfolio equaled total fair value. Sunland had the following transactions related to the securities during 2021 Jan. 20 Sold all 1,000 shares of Willhite Corporation common stock at $53 per share. 28 Purchased 430 shares of $69 par value common stock of Liggett Corporation at $77 per share. Received a cash dividend of $1.00 per share on Hutcherson Corp 30 common stock. Feb. 8 Received cash dividends of $0.50 per share on Downing Corp. preferred stock 18 Sold all 1,200 shares of Downing Corp. preferred stock at $29 per share. July 30 Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock. Sept. 6 Purchased an additional 960 shares of $15 par value common stock of Liggett Corporation at $81 per share Dec. 1 Received a cash dividend of $1.30 per share on Liggett Corporation common stock At December 31, 2021, the fair values of the securities were: Hutcherson Corporation common stock $68 per shares Liggett Corporation common stock $71 per share Prepare journal entries to record the transactions. (Credit account titles 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 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Esplanation Debit Credit Cash Stock Investments Gain on Sale of Stock Investments Stock Investments Cash Cash Dividend Revenue Cash Dividend Revenue Cash Loss on Sale of Stock Investments Gain on Sale of Stock Investments Stock Investments Gain on Sale of Stock Investments Click if you would like to Show Work for this question: Open Show Work