Korman Company has the following securities in its portfolio of equity securities on December 31, 2018: Cost Fair Value 5,000 shares of Thomas Corp., Common $150,000 $138,200 10,000 shares of Gant, Common 181,000 188,100 $331,000 $326,300 All of the securities had been purchased in 2018. In 2019, Korman completed the following securities transactions: March 1 Sold 5,000 shares of Thomas Corp., Common @ $30.90 less fees of $1,500. April 1 Bought 600 shares of Werth Stores, Common @ $47 plus fees of $540. The Korman Company portfolio ofequity securities appeared as follows on December 31, 2019: Cost Fair Value 10,000 shares of Gant, Common $181,000 $191,600 600 shares of Werth Stores, Common 28,740 26,630 $209,740 $218,230 Part 1 Prepare the general journal entry for Korman Company for the 2018 adjusting entry. Date Account Titles and Explanation Debit Credit 12-31-18 Part 2 Prepare the general journal entry for Korman Company for the sale of the Thomas Corp. stock. Date Account Titles and Explanation Debit Credit 3-1-19 Part 3 Prepare the general journal entry for Korman Company for the purchase of the Werth Stores' stock. Date Account Titles and Explanation Debit Credit 4-1-19 Part 4 Prepare the general journal entry for Korman Company for the 2019 adjusting entry. Date Account Titles and Explanation Debit Credit 12-31-19