Please I need the answer ASAP

2.Ehson Company has the following securities in its portfolio of trading equity securities on December 31, 2022.

Cost Fair Value

10,000 shares of common stock of North Co. $310,000 $278,000

10,000 shares of common stock of South Co. 182,000 190,000

$492,000 $ 468,000

On July 15,2023 10,000 shares of North Co. was sold at $31 less $1,500 fees and on September 1, 2023 600 shares of common stock of East Co. was purchased for $45 per share plus $ 550fees.

Ehson Company portfolio of trading securities appeared as follows on December 31, 2023:

Cost Fair Value

10,000 shares of common stock of south Co. $182,000 $195,500

600 shares of common stock of East Co. 27,550 25,500

$209,550 $221,000

Prepare the general journal entries for Ehson Co. for:

a. The 2022 adjusting entry.

b. The sale of the North Co. stock.

c. The purchase of the East Co. stock.

d. The 2023 adjusting entry.