has the following secunties in its portfolio of trading securities on December 31, 2018 5,000 shares of Kilpatrick Corp., Common 10,000 shares of Douglas, Common Fair Value $139,000 190000 329.000 $159,000 $341.000 All of the securities had been purchased in 2018 In 2019. Pounds completed the following securities transactions March 1 Sold 5,000 shares of Kilpatrick Corp. Common @ $31 less fees of $1.500. Apni 1 Bought 600 shares of Smith Stores, Common @ $45 plus fees of $550 The Pounds Compan y portfolio of trading securities appeared as follows on December 31, 2019 10,000 shares of Douglas, Common 600 shares of Smith Stores, Common Cost $182,000 $195,500 25,500 $221.000 5209.550 REQUIRED Prepare the general journal entries for Pounds Company for (a) The 2018 adjusting entry (b) The sale of the Kilpatrick Corp. stock (c) The purchase of the Smith Stores' stock (d) The 2019 adjusting entry (b