On December 21, 2017, Stellar Company provided you with the following information regarding its equity investments.

December 31, 2017
Investments (Trading)		Cost		Fair Value		Unrealized Gain (Loss)
Clemson Corp. stock		$21,200		$20,100		$(1,100	)
Colorado Co. stock		9,300		8,200		(1,100	)
Buffaloes Co. stock		21,200		21,740		540
Total of portfolio		$51,700		$50,040		(1,660	)
Previous fair value adjustment balance						0
Fair value adjustmentCr.						$(1,660	)

During 2018, Colorado Company stock was sold for $8,750. The fair value of the stock on December 31, 2018, was Clemson Corp. stock$20,210; Buffaloes Co. stock$21,650. None of the equity investments result in significant influence.

(a)		Prepare the adjusting journal entry needed on December 31, 2017.
(b)		Prepare the journal entry to record the sale of the Colorado Co. stock during 2018.
(c)		Prepare the adjusting journal entry needed on December 31, 2018.