Indigo Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Investments Cost Fair Value 1,500 shares of Gordon, Inc., Common $79,600 $74,700 5,000 shares of Wallace Corp., Common 170,900 165,800 400 shares of Martin, Inc., Preferred 65,800 67,200 $316,300 $307,700 All of the securities were purchased in 2020. In 2021, Indigo completed the following securities transactions March 1 Sold the 1,500 shares of Gordon, Inc., Common, $45 less fees of $1,200 April Bought 700 shares of Earhart Corp., Common, $75 plus foes of $1,300 Indigo's portfolio of equity securities appeared as follows on December 31, 2021. Investments Cost Fair Value 5,000 shares of Wallace Corp., Common $170,900 $165,800 700 shares of Earhart Corp, Common 53,800 50,000 400 shares of Martin, Inc., Preferred 65,800 64,000 $290,500 $279.800 Prepare the general journal entrelor Indigo Company for: (a) The 2020 adjusting entry. (b) The sale of the Gordon stock The purchase of the Earhart stock The 2021 adjusting entry for the trading portfolio (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ir no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debat Credit