I need help with problem.

Problem 17-5 Larkspur Company has the following securities in its investment portfolio an December 31, 2017 (all securities were purchased in 2017): ()2,80o shares of Andersan Co. common stock which cost $53,200, (2) 10,300 shares of Munter Ltd. common stock which cost ritf ahe ed f 201 $597,400, and (3) 5,400 shares of King Company preferred stock which cost $232,200. The Fair Value Adjustment account shows a credit of $9,800 at the end of 2017 In 2018, Larkspur completed the following securities transactions. 1. On January 15, sold 2,800 shares of Anderson's common stock at $23 per share less fees of $1,950. 2. On April 17, purchased 900 shares of Castle's common stock at $34 per share plus fees af $2,170 On December 31, 2018, the market prices per share of these securities were Munter $62, King $40, and Castle $22. In addition, the accounting supervisor of Larkspur told you that, even though all these securities have readily determinable fair values, Larkspur will nat actively trade these securities because the top management intends to hold them for more than one year Your answer is correct. Prepare the entry for the security sale on January 15, 2018. (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 DateAccount Titles and Explanation Debit an. 15, 2018 Cash 624 Gain on Sale of Investments Equity Investments 53 Your answer is partially correct. Try again Compute the unrealized gains or losses Gain 73380 Unrealized Prepare the adjusting entry for Larkspur on December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2018 Fair Value Adjustment 72280 Unrealized Holding Gain or Loss- Income 72280