Nash 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 $67,700 164,700 59,300 $291,700 Fair Value $63,000 159,600 61,100 $283,700 All of the securities were purchased in 2020. In 2021, Nash 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. Nash's portfolio of equity securities appeared as follows on December 31, 2021. Investments Cost 5,000 shares of Wallace Corp., Common $164,700 700 shares of Earnhart Corp., Common 53,800 400 shares of Martin, Inc., Preferred 59,300 $277,800 Fair Value $159,600 50,100 57,500 $267,200 Prepare the general journal entries for Nash 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. No. Account Titles and Explanation Debit Credit