Grouper Corp. has the following securities (all purchased in 2020) in its investment portfolio on December 31, 2020: 2,770 Anderson Corp. common shares, which cost $49,150; 10,300 Munter Ltd. common shares, which cost $580,400; and 6,600 King Corp. preferred shares, which cost $255,900. Their fair values at the end of 2020 were as follows: Anderson Corp. $50,680; Munter Ltd. $569,900; and King Corp. $256,000. In 2021, Grouper completed the following transactions:

1.		On January 15, sold 2,770 Anderson common shares at $20 per share less fees of $2,190.
2.		On April 17, purchased 1,310 Castle Ltd. common shares at $34.40 per share plus fees of $2,060.

The company adds transaction costs to the cost of acquired investments and deducts them from cash received on the sale of investments. On December 31, 2021, the fair values per share of the securities were as follows: Munter $67; King $28; and Castle $18. Groupers accounting supervisor tells you that all these securities have fair values that can be readily determined, but the company is not likely to actively trade them. Management accounts for them using the FV-OCI method without recycling. Any gains or losses are reclassified to Retained Earnings upon disposition of the investment. Ignore income taxes.

Prepare the entries for the sale of the Anderson Corp. investment on January 15, 2021. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 15
	(To adjust to fair value at date of disposal)
Jan. 15
	(To record disposal)
Jan. 15
	(To reclassify holding gain)

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Prepare the entry to record the Castle Ltd. share purchase on April 17, 2021. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Apr. 17

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Calculate the unrealized gains or losses and prepare any required adjusting entry for Grouper Corp. on December 31, 2021. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31

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