Larkspur Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Investments 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred Cost $77,600 172,900 63,500 $314,000 Fair Value $73,200 167,700 65,100 $306,000 All of the securities were purchased in 2020. In 2021, Larkspur completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. April 1 Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300. Larkspur's portfolio of equity securities appeared as follows on December 31, 2021. Investments Cost 5,000 shares of Wallace Corp., Common $172,900 700 shares of Earnhart Corp., Common 53,800 400 shares of Martin, Inc., Preferred 63,500 $290,200 Fair Value $167,700 50,100 61,700 $279,500 ved Prepare the general journal entries for Larkspur Company for: (a) The 2020 adjusting entry. (b) The sale of the Gordon stock. (c) The purchase of the Earnhart stock. (d) The 2021 adjusting entry for the trading portfolio. (Credit account 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.) No. Account Titles and Explanation Debit Credit