II. Star Company has the following securities in its potfolio of trading securities on December 31, 2018: Fair Value Cost Mercury Corp., Common, 10,000 shares $ 320,000 $ 278,000 Venus Corp., Common, 20,000 shares 360,000 370,000 Jupiter Corp., Common, 4,000 shares 104,000 $ 784,000 105,200 $ 753,200 All the securities had been purchased in 2018. In 2019, the following transactions occured: March 5 Sold 10,000 shares of Mercury Corp., Common at $30 per share, less $1,000 fees. April 7 Bought 600 shares of World Corp., Common at $90 plus brokerage commission of $1,100. Sold 4,000 Jupiter Corp shares at $36 per share, less $2,000 fees. August 10 Trading equity securities portfolio of Star Company was as follows on December 31, 2019: Cost Fair Value Venus Corp., Common, 20,000 shares $360,000 $ 397,000 World Corp. Common, 600 shares 55,100 $ 415,100 51,000 $ 448,000 Required: Prepare the following journal entries a. The 2018 adjusting entry. b. The sale of Mercury Corp. stock. C. The purchase of World Corp. stock. d. The sale of Jupiter Corp. stock. e. The 2019 adjusting entry. (40 pts)