PronghornCorporation made the following cash purchases of securities during 2020, which is the first year in whichPronghorninvested in securities.

1.On January 15, purchased8,000shares of Sanchez Company's common stock at $33.50per share plus commission $1,584.

2.On April 1, purchased4,000shares of Vicario Co.'s common stock at $52per share plus commission $2,696.

3.On September 10, purchased5,600shares of WTA Co.'s preferred stock at $26.50per share plus commission $3,928.

On May 20, 2020,Pronghornsold3,200shares of Sanchez Company's common stock at a market price of $35per share less brokerage commissions, taxes, and fees of $3,080. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant ofPronghorntold 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 appropriate for these stock purchases.

Prepare the journal entries to record the above three security purchases. (Round answers to O decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit (1) Jan. 15, 2020 4 (2) (3)Prepare the journal entry for the security sale on May 20. (Round answers to O decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 20, 2020Compute the unrealized gains or losses. (Round answer to 0 decimal places, as. 2,500.) Prepare the adjusting entries for Pronghorn on Decem ber 31, 2020. (Round answers to 0 decimal places, as. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 | l