Exercise 17-11 Tamarisk Corporation made the following cash purchases of securities during 2017, which is the first year in which Tamarisk invested in securities. On January 15, purchased 10,120 shares of Sanchez Company's common stock at $46.90 per share plus commission $2,100. 1. 2. On April 1, purchased 5,120 shares of Vicario Co.s common stock at $72.80 per share plus commission $3,490. 3. On September 10, purchased 7,120 shares of WTA Co.s preferred stock at $37.10 per share plus commission $5,030 On May 20, 2017, Tamarisk sold 4,120 shares of Sanchez Company's common stock at a market price of $49 per share less brokerage commissions, taxes, and fees of $3,970. The year-end fair values per share were Sanchez $42, Vicario $77, and WTA $39.20. In addition, the chief accountant of Tamarisk 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. es Prepare the journal entries to record the above three security purchases. (Round answers to o decimal places e.g. 2,500. Credit account titles are automatically indented when amount is entered. Dosnot indent manually. If no entry is required, select No Entry for the account titles and enter o for the amounts.) DebitCredit No.Date Account Titles and Explanation 476728 Equity Investments (1) Jan. 15, 2017 Gash 476728