Part II The manager of the investment group of Lynbrook, Inc. invested some of the company's excess cash in equity securities. During the first part of 2021, the following transactions were made in regard to these equity securities: Jan. 4 Jan. 20 Feb. 15 March 16 March 20 Purchased 200 shares of GameStop, Inc. common stock at $86 per share. Purchased 300 shares of AMC, Inc. preferred stock at $63 per share. Sold 100 shares of GameStop, Inc. common stock at $89 per share. Purchased 400 shares of Blackberry, Inc. common stock at $37 per share. Sold 100 shares of AMC, Inc. preferred stock at $62 per share. On March 31, 2021, the market values of the shares were as follows: GameStop AMC Blackberry $87.00 $61.00 $37.25 Lynbrook held no equity securities at the beginning of 2021. (continued) Required: 1. Prepare journal entries to record the preceding information. 2. Show what Lynbrook reports on its March 31, 2021 income statement for the equity securities. 3. Show how Lynbrook will report these equity securities on its March 31, 2021, balance sheet.