PLEASE answer how to record updation of the fair value adjustment

4 Krogstad Corporation bought 1,000 shares of Cole Inc. common stock for $90 per share Three months later, the shares were sold for $110 per share. Required: 1. Prepare the appropriate journal entry to record the purchase of the stock. 2. Prepare the appropriate journal entry to record the sale of the stock. 01:41:31 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entry to record the sale of the stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record updation of the fair value adjustment