McElroy Company has the following portfolio of investment securities at September 30, 2017, its most recent reporting date. On October 10, 2017, the Horton shares were sold at a price of $54 per share. In addition, 3,000 shares of Patriot common stock were acquired at $54.50 per share on November 2, 2017. The December 31, 2017, fair values were Monty $106,000, Patriot $132,000, and Oakwood $193,000. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2017