Exercise 17-11 (Part Level Submission) unland Corporation made the following cash purchases of securities during 2017, which is the first year in which Sunland invested in securities. 1. On January 15, purchased 10,190 shares of Sanchez Company's common stock at $36.90 per share plus commission $2,170. 2. On April 1, purchased 5,190 shares of Vicario Co.'s common stock at $57.20 per share plus commission $3,560 3. On September 10, purchased 7,190 shares of WTA Co.'s preferred stock at $29.20 per share plus commission $5,100 On May 20, 2017, Sunland sold 4,190 shares of Sanchez Company's common stock at a market price of $39 per share less brokerage commissions, taxes, and fees of $4,040. The year-end fair values per share were Sanchez $33, Vicario $61, and WTA $30.80. In addition, the chief accountant of Sunland told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases. ? (a) Your answer is correct. Prepare the journal entries to record the above three security purchases. (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. (1)T Jan. 15, 2017 # | | Equity Investments Date Account Titles and Explanation Debit Credit 378181 Cash 378181 (2)T Apr. 1, 2017 # | | Equity Investments 300428 Cash 300428 (3) Sep. 10, 2017Equity Investments 215048 Cash 215048