Pascale Corp. has the following securities (all purchased in 2020) in its investment portfolio on December 31, 2020-2500 Anderson Corp.common shares, which cost $48,750:10,000 Munter Ltd.common shares, which cost $580,000, and 6.000 King Corp. preferred shares, which cost $255,000. Their fair values at the end of 2020 were as follows:Anderson Corp $49.580, Munter Ltd. $569.500; and King Corp. $254,400. In 2021. Pascale completed the following transactions: 1 On January 15. sold 2.500 Anderson common shares at $21 per share less fees of $2,150, On April 17, purchased 1.000 Castle Ltd.common shares at $33.50 per share plus fous of $1.980 2 The company adds transaction costs to the cost of acquired investments and deducts them from cash received on the sale of investments. On December 31, 2021, the fair values per share of the securities were as follows: Munter $61: Kirag 540; and Castle $29. Pascale's accounting supervisor tells you that all these securities have fair values that can be readily determined, but the company is not likely to actively trade them. Management accounts for them using the FV-OC method without recycling. Any gains or losses are reclassified to Retained Earnings upon disposition of the investment.tenore income to Prepare the entries for the sale of the Anderson Corp. investment on January 15, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15 FV OCI Investments 1600 Unrealized Gain or Loss-OC 1600 (To adjust to fair value at date of disposal) Jan. 15 Cash 50350 50350 FV OCI Investments (To record disposal) 770 Jan. 15 1 770 Retained Earnings