IV. Investments A Trading equity securities. Korman Company has the following securities in its portfolio of equity securities on December 31, 2016: Cost Eair Value 5,000 shares of Thomas Corp., Common S155,000 S135,000 10,000 shares of Gant, Common 182.000 190.000 $237.000 $325.000 All of the securities had been purchased in 2016. In 2017, Korman completed the following trading securities transactions March 1 Sold 5,000 shares of Thomas Corp., Common @ $35 less foes of $500. April 1 Bought 600 shares of Werth Stores, Common @ $45 plus fees of $200, The Korman Company portfolio of trading equity securities appeared as follows on December 31, 2017: Cost Fair Value $182,000 $200,500 10,000 shares of Gant, Common 23.000 600 shares of Werth Stores, Common $223.500 Instructions Prepare the general journal entries for Korman Company for: (a) the 2016 adjusting entry. (b) the sale of the Thomas Corp. stock. (c) the purchase of the Werth Stores' stock. (d) the 2017 adjusting entry