Culver Corporation, a Canadian-based international company that follows IFRS, has the following securities in its portfolio of investments acquired for trading purposes and accounted for using the FV-N1 method on December 31, 2019 Carrying Amount (before Investments adjustment) Fair Value 1,300 shares of David Jones Inc., common $71,200 $66,300 5,500 shares of Hearn Corp.common 209.000 204.300 360 shares of Alessandro Inc, preferred 54,000 55.900 $334 200 $326,500 In 2020, Culver completed the following securities transactions: Mar. 1 Sold the 1.300 shares of David Jones Inc. common at $47 per share, less fees of $600, Apr, 1 Bought 700 shares of Oberto Ltd.common at $76 per share, plus fees of $1,300, Culver Corporation's portfolio of trading securities appeared as follows on December 31, 2020- Original Cost Fair Value $209,000 Investments 5,500 shares of Hearn Corp.common 700 shares of Oberto Ltd.common 360 shares of Alessandro Inc. preferred 53,200 $204,300 51,300 51,500 54,000 $316.200 $307,100 Assume that the company does not recognize and report dividends and other components of investment gains and losses separately Prepare the Culver Corporation general journal entry to record the adjusting entry for December 31, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Prepare the Culver Corporation general journal entry to record the sale of the David Jones Inc. shares. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation Debit Credit Prepare the Culver Corporation general journal entry to record the purchase of the Oberto Ltd, shares. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation Debit Credit Prepare the Culver Corporation general journal entry to record the adjusting entry for December 31, 2020. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts