December 31, 2020 Investments (Trading) Cost Fair Value Clemson Corp. stock $21,600 $20.700 Colorado Costock 10.700 9.600 Buffaloes Co, stock 21.600 22,200 Total of portfolio $53,900 $52,500 Previous fair value adjustment balance Fair value adjustment-cr. Unrealized Gain (Loss) $1900) (1,100) 600 (1.400 0 $(1.400) During 2021, Colorado Co. stock was sold for 510,140. The fair value of the stock on December 31, 2021. was Ciemson Corp. stock --$20,790; Buffaloes Co, stock - $22.110. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020, (b) Prepare the journal entry to record the sale of the Colorado Costock during 2021 (c) Prepare the adjusting journal entry needed on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for