Prepare the general journal entries for Coronado Company for:

(a)		The 2020 adjusting entry.
(b)		The sale of the Gordon stock.
(c)		The purchase of the Earnhart stock.
(d)		The 2021 adjusting entry for the trading portfolio.

Coronado Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Cost Investments 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred $75,700 185,100 61,900 $322,700 Fair Value $71,000 180,200 63,700 $314,900 All of the securities were purchased in 2020. In 2021, Coronado completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300. April 1 Coronado's portfolio of equity securities appeared as follows on December 31, 2021. Cost Investments 5,000 shares of Wallace Corp., Common 700 shares of Earnhart Corp., Common 400 shares of Martin, Inc., Preferred $185,100 53,800 61,900 $300,800 Fair Value $180,200 50,100 60,100 $290,400