Korman Company has the following securities in its portfolio of equity securities on December 31, 2018:

All of the securities had been purchased im 2018. In 2019, Korman completed the following securities transactions:

March 1 Sold 5000 shares of Thomas Corp., Common @ $30.80 less feed of $1500

April 1 Bought 620 shares of Werth Stores, Common @ $45 plus fees of $520

The Korman Company portfolio of equity securities as follows on December 31, 2019:

Part 1 Prepare the general journal entry for Korman Company for the 2018 adjusting entry.

Part 2 Prepare the general journal entry for Korman Company for the sale of the Thomas Corp stock

Part 3 Prepare the general journal entry for Korman Company for the purchase of the Wertg Stores stock.

Part 4 Prepare the general journal entry for Korman Company for the 2019 adjusting entry.

Cost Fair Value 5,000 shares of Thomas Corp., Common $149,000 $137,400 10,000 shares of Gant, Common 183,000 190,700 $332,000 $328,100 Cost Fair Value 10,000 shares of Gant, Common $183,000 $194,000 620 shares of Werth Stores, Common 28,420 26,220 $211,420 $220,220