education will + HW 4 Chapter 17 - /20 Question 6 of 22 On December 21, 2020, Sape Company provided you with the following information regarding its equity investments. December 31, 2020 Cost Fair Value Investments (Trading) Unrealized Gain (Loss) 51900 $21.600 $20,700 Clemson Corp stock 10.700 9.600 Colorado Costock (1.100) 21,600 Buffaloes Co stock 22 200 600 553.900 552.500 (1.400 0 Total of portfolio Previous fair value adjustment balance Fair value adjustment- $(1.400) During 2021. Colorado Co stock was sold for $10.140. The fair value of the stock on December 31, 2021, was Clemson Corp, stock -- $20.790; Buffaloes Costock-$22.110. None of the equity investments result in significant influence Prepare the adjusting journal entry needed on December 31, 2020 Prepare the journal entry to record the sale of the Colorado Co stock during 2021. Prepare the adjusting journal entry needed on December 31, 2021 Ich Lch17.pptx label.pdf Nam Ondit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account title and enter for the amounts) Debit Credit No. Account Titles and Explanation ( ( Textbook and Media