Prepare any journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the purchase of equity securities on March 10, 2019.

2. Recognize the fair value of investments on December 31, 2019.

3. Recognize the fair value of investments on December 31, 2020.

4. Recognize the fair value of investments on December 31, 2021.

5. Recognize the fair value of investments on September 12, 2022.

6. Record the cash received from the sale of the equity securities on September 12, 2022.

07 5 Check my work EA 4 (Algo) Recording Transactions in the Equity Securities Portfolio LOA-2 5 points On March 10, 2019, Dearden, Inc., purchased 11,900 shares of Jaffa stock for $50 per share as a long-term passive investment Dearden's year ends on December 31. The following information pertains to the price per share of Jaffa stock: Stock Price $48 51 47 12/31/2019 12/01/2020 12/31/2021 Book Print Dearden sold all of the Jaffa stock on September 12, 2022, at a price of $45 per share. References Prepare any journal entries that are required by the facts presented in this case. (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 1 5 6 > Record the purchase of equity securities on March 10, 2019. Note: Enter debit before credits General Journal Debit Credit Date March 10, 2019 Record antry Clear entry View general journal