Blue Company has the following securities in its portfolio on December $31,2025.$ None of these investments are accounted for under the equity method.

Investments Cost Fair Value

$1,500$ shares of Gordon, Inc., common $$73,500$ $$68,800$

$5,000$ shares of Wallace Corp., common $165,000159,900$

$400$ shares of Martin, Inc., preferred $59,20061,000$

$$297,700$ $$289,700$

All of the securities were purchased in $2025.$

In $2026,$ Blue completed the following securities transactions.

March $1$ Sold the $1,500$ shares of Gordon, Inc., common, @ $$45$ less fees of $$1,200.$

April $1$ Bought $700$ shares of Earnhart Corp., common, @ $$75$ plus fees of $$1,200.$

Blue$$s portfolio of equity securities appeared as follows on December $31,2026.$

Investments Cost Fair Value

$5,000$ shares of Wallace Corp., common $$165,000$ $$159,900$

$700$ shares of Earnhart Corp., common $53,70050,000$

$400$ shares of Martin, Inc., preferred $59,20057,400$

$$277,900$ $$267,300$

Prepare the general journal entries for Blue Company for:

$($a$)$ The $2025$ adjusting entry.

$($b$)$ The sale of the Gordon stock.

$($c$)$ The purchase of the Earnhart stock.

$($d$)$ The $2026$ adjusting entry for the portfolio.

$($List all debit entries before credit entries. 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.$)$

No$.$ Account Titles and Explanation Debit Credit

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$($b$)$ enter an account title enter a debit amount enter a credit amount

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$($c$)$ enter an account title enter a debit amount enter a credit amount

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$($d$)$ enter an account title enter a debit amount enter a credit amount

enter an account title enter a debit amount enter a credit amount