Q$4$:b:AL$-$Sama Company has the following securities in portfolio securities on Dec$\mathrm{.}31.2005$:InvestmentCostFair value$6000$ shares of GM$,$common$300000$ S$276000$ S$20000$ shares of GTE.common$7200007000001600$ shares of CBS$,$ preferred$24000024600012600001222400$All of the securities were purchased in $2005.$ In $2006$ the AL$-$sama com. completed the following security transaction:$1)$ Marcgl, sold GM shares at $48$ $ and paid $4800$ fee$\mathrm{.}2)$ April $5,$ bought $2800$ shares DOW, common at $75$ S plus $5200$ S as fee$\mathrm{.}3)$ Dec$\mathrm{.}31,$ the fair value of portfolio was GTE common $35$ S$.$DOW $72$ S$.$ CBS $14\mathrm{.}5$ SRequired: Prepare the entries for$1)$ Dec$\mathrm{.}31.2005$ adjusting$2)2006$