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Question 3 Shamrock Corporation made the following cash purchases of securities during 2020, which is the best year in which Shamrock invested in securities 1. Onuary 15, purchased 10,200 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,024 2. On April 1. purchased 5,100 shares of Vicario common stock at 52 per share plus commission $3,453. 3. On September 10, purchased 7,140 shares of WTA Co.'s preferred stock at $26.50 per share plus commission $5,006 On May 20, 2020, Shamrock sold 3,672 shares of Sanchez Company's common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $3.927. The year-end far values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Shamrock told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not operate for these stock purchases your answer is correct s a Prepare the journal entries to record the above three security purchases. (Round answers to decimal es... 2.500 Credit account i entered. Denetindent manually. If he entry is required, select "No Entry for the accounts and enter for the amounts) No Date Accounties and plante w Jan. 15, 2020 3 E ty Investments (2) Kr. 1, 2020 Brewny investments Chh o .18.2020 Elety Investments be horashtruar 2000 2018 Worrason, Inc. AlRints Reserves A Division of both word sons, inc. Mul G UTOL Prepare the journal entries to record the above three security purchases. (Round answers to decimal places, e.g. 2,500. Credit acco entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) No Date Account Titles and was Account Titles and Explanation Debit Credit (1) Jan 15, 2020 Equity Investments 343724T IT 343724 (2) Apr 1, 2020 Equity Investments 268633 268633 0 TCash Sep. 10, 2020 Equity Investments 1942167 & cash 194216 Click if you would like to show Work for this questions Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT (b) Prepare the journal entry for the security sale on May 20. (Round answers to O decimal places, e.. 2,500. Credit account titles are ad not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) by Study Debit Credit Date Account Titles and Explanation May 20, 2020 Click if you would like to show Work for this questioni Open Show Work SHOW LIST OF ACCOUNTS