(Equity Securities Entries) Capriati Corporation made the following cash purchases of securities during 2012, which is the first year in which Arantxa invested in securities.

On January 15, purchased 10,800 shares of Gonzalez Company's common stock at $40.20 per share plus commission $2,376.

On April 1, purchased 6,000 shares of Belmont Co.'s common stock at $62.40 per share plus commission $4,044.

On September 10, purchased 8,400 shares of Thep Co.'s preferred stock at $31.80 per share plus commission $5,892.

On May 20, 2012, Capriati sold 3,600 shares of Gonzalez Company's common stock at a market price of $42.00 per share less brokerage commissions, taxes, and fees of $3,420. The year-end fair values per share were: Gonzalez $36.00, Belmont $66.00, and Thep $33.60. In addition, the chief accountant of Capriati told you that Capriati Corporation plans to hold these securities for the long term but may sell them in order to earn profits from appreciation in prices.

Prepare the journal entries to record the above three security purchases. Prepare the journal entry for the security sale on May 20. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Compute the unrealized gains or losses and prepare the adjusting entries for Capriati on December 31, 2012. Unrealized gain or loss (For negative numbers use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).)