Paragraph PROBLEM 3 Korman Company has the following available for sale securities in its portfolio of equity securities on December 31, 2018: Cost Fair Value 5,000 shares of Thomas Corp., Common $151,000 $139,000 10,000 shares of Gant, Common 184,000 190,000 $335.000 $329.000 All of the securities had been purchased in 2018. In 2019, Korman, completed the following secunties transactions March 1 Sold 5,000 shares of Thomas Corp., Common @ $32 less fees of $1,500. April 1 Bought 600 shares of Worth Stores, Common @ $45 plus fees of $550. The Korman Company portfolio of equity securities appeared as follows on December 31, 2019 Cost Fair Value 10,000 shares of Gant, Common $184,000 $195,500 600 shares of Werth Stores, Common 27.550 25,500 $211,550 $221,000 Instructions Prepare the general journal entries for Korman Company for (a) the 2018 adjusting entry. (b) the sale of the Thomas Corp, stock (c) the purchase of the Werth Stores' stock. (d) the 2019 adjusting entry