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Marigold Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 3,200 shares of Anderson

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Marigold Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 3,200 shares of Anderson Co.common stock which cost $57,600. (2) 10,300 shares of Munter Ltd. common stock which cost $587,100, and (3) 6,400 shares of King Company preferred stock which cost $262.400 The Fair Value Adjustment account shows a credit of $10,800 at the end of 2020. In 2021, Marigold completed the following securities transactions, On January 15, sold 3.200 shares of Anderson's common stock at $22 per share less fees of $2,010. 2 On April 17, purchased 900 shares of Castle's common stock at $34 per share plus fees of $1,880 1 On December 31, 2021, the market prices per share of these securities were Munter $60, King $40, and Castle $24. In addition, the accounting supervisor of Marigold told you that even though all these securities have readily determinable fair values, Marigold will not actively trade these securities because the top management intends to hold them for more than one year (a) Prepare the entry for the security sale on January 15,2021. (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 entero for the amounts) Account Titles and Explanation Debit Date Jan 15 2021 Credit Prepare the entry for the security sale on January 15, 2021. (Credit occount 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 0 for the amounts.) Account Titles and Explanation Debit Credit Date Jan 15 2021 Prepare the journal entry to record the security purchase on April 17,2021. (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 for the amounts.) Account Titles and Explanation Debit Credit Date Apr. 17 2021 Prepare the Journal entry to record the security purchase on April 17, 2021. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 17 2021 Taythan and Martin Compute the unrealized gains or losses. Unrealized $ Prepare the adjusting entry for Marigold on December 31, 2021. (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 entero for the amounts/ Account Titles and Explanation Debit Credit Date Dec. 31 2021

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