Marigold Company has the following securities in its investment portfolio on December $31,2020($all securities were purchased in

: $(1)3,100$ shares of Anderson Co$.$ common stock which cost $$62,000,(2)10,500$ shares of Munter Ltd$.$ common stock which

cost $$609,000,$ and $(3)6,200$ shares of King Company preferred stock which cost $$266,600.$ The Fair Value Adjustment account shows

a credit of $$9,300$ at the end of $2020.$

In $2021,$ Marigold completed the following securities transactions.

On January $15,$ sold $3,100$ shares of Anderson's common stock at $$22$ per share less fees of $$2,190.$

On April $17,$ purchased $1,000$ shares of Castle's common stock at $$33$ per share plus fees of $$1,990.$

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.

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 enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Jan. $15,$

$2021$

Debit

Cash

Equity Investments