Exercise 17.9 On December 21, 2015, Zurich Company provided you with the following information regarding its trading in December 31, 2015 Cost Unrealized Gain (Loss) 1,000) (1,000) Investments (Trading) Stargate Corp. shares Carolina Co shares Vectoman Co shares Total of Portfolio Previous fair value adjustment balance Fair value adjustment- Fair Value 19,000 9,000 20,600 40,000 20,000 10.000 20.000 50,000 (1.400) er 1,400) During 2016, Carolina Co shares were sold for 9,500. The fair value of the shares on December 31, 2016, was Stargate Corp. shares-19,300; Vectorman Co, shares- 20,500. Prepare the adjusting journal entry needed on December 31, 2015. (Cred account bites are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Tiles and Exa m D Date December 31, 2015 Prepare the journal entry to record the sale of the Carolina Co. shares during 2016. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Debit Credit During 2016 Prepare the adjusting journal entry needed on December 31, 2016. (Credit account titles are automatically indented when the 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.) Date Credit Account Titles and Explanation Debit December 31, 2016