*Exercise 17-11 Weterway Curpuration made the following cesh purchases of securities during 2017, which is the first year in which Waterwey invested in securities. 1. On January 15, purchased 10,180 shares of Sanchez Campany's common stock at $46.90 per share plus commission $2,160. 2. On April 1, purchased 5,180 shares of Vicaria Co.'s common stock at $72.80 par share plus commission $3,550. 3. On September 10, purchased 7,180 shares of WTA Co.'s preferred stock at $37.10 per share plus commission $5,090. On May 20, 2017, Waterway sold 1,100 shares of Sanchez Cumpany's common stock at market price of $49 per share less brokerage commissions, taxes, and fees of $4,030. The year-end fair values per share were Sanchez $ 12, Vicario $77, and WTA $39.20. In addition, the chief accountant of Water way 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 aporopriate for these stock purchases. 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. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit Prepare the journal entry for the security sale on May 20. (Round answers to o 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 for the amounts.) Debit Credit Date Account Tities and Explanation May 20, 2017 Compute the unrealized gains or losses. (Round answer to o decimal places, e.g. 2,500.) Unrealized Prepare the adjusting entries for Waterway on December 31, 2017. (Round answers to o decimal places, c.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 o for the amounts.) Debit Credit Date Account Titles and Explanation Dec 31, 2017