Problem 12-157 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. 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 1 Record updation of the fair value adjustment. 2 Recording the sale transaction