Cost Question 21 Sunland Company has the following securities in its portfolio of equity securities on December 31, 2021 Fair Value 5,000 shares of Thomas Corp., Common $150,000 $138,200 10,000 shares of Gant, Common 181,000 188,100 $331,000 $326,300 All of the securities had been purchased in 2021. In 2022, Sunland Company completed the following securities transactions: March 1 Sold 5,000 shares of Thomas Corp., Common $31 less fees of $1,500. April 1 Bought 600 shares of Werth Stores, Common $47 plus fees of $540. The Sunland Company portfolio of equity securities appeared as follows on December 31, 2022: Cost Fair Value 10,000 shares of Gant, Common $181,000 $191,600 600 shares of Werth Stores, Common 28,740 26,630 $209,740 $218,230 Prepare the general Journal entry for Sunland Company for the 2021 adjusting entry. (Credit account titles are automatically indented when amount is manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Debit Credit Account Titles and Explanation 12-31-21 Date CALCULATOR 4 BACK NEXT Prepare the general Journal entry for Sunland Company for the sale of the Thomas Corp. stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Il no entry is required, select "No Entry" for the account tities and enter for the amounts.) Date Account Titles and Explanation Debit Credit 3-1-22 Prepare the general Journal entry for Sunland Company for the purchase of the Werth Stores stock. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit 4-1-22 Prepare the general journal entry for Sunland Company for the 2022 adjusting entry. (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 for the amounts.) Date Account Titles and Explanation Debit 12-31-22 Credit Click if you would like to show Work for this question: Open Show Work