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On December 21, 2020, Shamrock Company provided you with the following information regarding its equity investments. During 2021. Colorado Co, stock was sold for $9,080.

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On December 21, 2020, Shamrock Company provided you with the following information regarding its equity investments. During 2021. Colorado Co, stock was sold for $9,080. The fair value of the stock on December 31, 2021, was Clemson Corp, stock$17,600, Butfaloes Co, stock- $19,080. None of the equityinvestments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31,2020 , (b) Prepare the journal entry to record the sale ot the Colorado Ca stock during 2021. (c) Prepare the adjusting journal entry needed on December 31, 2021 . 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.)

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