On December 21, 2017, Wildhorse Company provided you with the following information regarding its equity investments. December 31, 2017 Fair Value Unrealized Gain Investments (Trading) Cost 18,700 $17,600 8,300 19,240 45,140 s(1,100) Clemson Corp. stock Colorado Co. stock Buffaloes Co. stock Total of portfolio Previous fair value adjustment balance Fair value adjustment-Cr. 9,200 18,700 $46,600 (900) 540 (1,460) $(1,460) During 2018, Colorado Company stock was sold for $8,770. The fair value of the stock on December 31, 2018, was Clemson Corp. stock-$17,690; Buffaloes Co. stock-$19,130. 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. (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) No. Account Titles and Explanation Debit Credit