INTERMEDIATE ACCOUNTING (ACCT 372/373/3 Assignment Gradebook ORION Downloadable eTextbook ment NEXT ON " : ?BACK Marigold Corporation,made the following cash purchases of securities during 2017, which is the first year in which Marigold invested in securities. 1. On January 15, purchased 10,170 shares of Sanchez Company's common stock at $40.20 per share plus commission $2,150. 2. On April 1, purchased 5,170 shares of Vicario Co.'s common stock at $62.40 per share plus commission $3,540. 3. On September 10, purchased 7,170 shares of WTA Co.'s preferred stock at $31.80 per share plus commission $5,080. On May 20, 2017, Marigold sold 4,170 shares of Sanchez Company's common stock at a market price of $42 per share less brokerage commissions, taxes, and fees of $4,020. The year-end fair values per share were Sanchez $36, Vicario $66, and WTA $33.60. In addition, the chief accountant of Marigold told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases. Round ans wers to o decimal places, e.g. 2,500. unt 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. Debit Credit NO. DateAccount Titles and Explanation