Korman company has the following Securities in its portfolio of trading Securities on December 31st, 2014: 5000 shares of Thomas Corporation common $149,000 at cost $138,000 at fair value. 10000 shares of Gant common $130,000 at cost $187,000 at fair value therefore the total is cost $329,000 fair value $325,000 all of the Securities had been purchased in 2014. In 2015, Carmen completed the following Securities transactions on March 1st they sold 5000 shares of Thomas Corporation, common at $30.80 less fees of $1,500 on April 1st they bought 580 shares of worth stores , common at $43 plus fees of $500 the Korman company portfolio of trading securities appeared as follows on December 31st, 2015 10000 shares of Gant common cost of $180,000 fair value of $190,000 , 580 shares of worth stores, common cost of $25,440 fair value of $23,540 total cost of $205,440 total fair value of $213,540 first prepare the journal entry for Korman company for the 2014 adjusting entry. There are two entries. next prepare the general journal entry for Korman company for the sale of the Thomas Corporation stock on3/1/15 there are three journal entries next prepare the general journal entry for Korman company for the purchase of the worth store stock on 4/1/15 there are two journal entries next prepare the general journal entry for Korman company for the 2015 adjusting entry on 12/31/15 there are two journal entries