On December 12,2021 , an investment in equity securities costing $70.000 was sold for $80,000. The total of the sale proceeds was credited to the investment in equity securities account Required: 1. Prepare the journal entry to correct the error, assuming it is discovered before the books are adjusted or closed in 2021 . (lgnore income taxes.) 2. Prepare the journal entry to correct the error assuming it is not discovered until early 2022 (ignore income taxes) Complete this question by entering your answers in the tabs below. Prepare the fournal entry to correct the error, assuming it is discovered before the books are adjusted or dosed in 2021. (tgnore income taxes.) (If no entry is required for a transaction/event, select "To fournal entry required" in the first account field.) Journal entry worksheet Prepare the journal entry to correct the error assuming it is not discovered until early 2022. (Ignore income taxes.) (if no entiy is required for a transaction/event, select "No joumal entry required" in the first account fied.) Journal entry worksheet Note: Enter debits before credits