(Equality Securities Entries) Grander Skys Corporation made following cash purchase of securities during 2014, which is the first year in which Grander Skys invested in Sections On March 31, Purchased 25,000 shares of Carrot Crops preferred stock at 421.60 per share plus commision #3,650 On May 10, purchased 1,000 shares of Pepper Co's common stock at $6.50 per share plus commison $890. On August 25 purchased 17,000 shares of Onions Inc's prefered stock at $13.75 per share plus commission $1,860 On August 25, 2014, Grander Skys sold 10,000 shares of Carrot Coro p's preffereed stock at a market price of $26.25 per share less brokerage commissions, taxes, and fees of $1,550. The year-end fair values per share were: Carrot $30.00, Pepper $6.10, and Onion S 14.50. In addition the cheif accountant of Grander Skys told you that Grander Skys Corporation plans to hold these Securities for the term but may sell them in order to earn prfits from in prices Prepare the journal entries to record the above three security purchase Prepare the journal entry for the security sale on August 25. Compare the unrelaized gains or losses and prepare the adjusting entries for Grander Skys on December 31, 2014