Question 2(Total 20 marks) Fortune Company has the following equity investments with no control or significant influence on December 31, 2020: All of the above securities were purchased in 2020. In 2021, Fortune completed the following investments transactions: The Fortune Company's equity securties appear as follows on December 31 , 2021: Required: a. Prepare journal entries to record: (11 marks) 1) The 2020 year-end fair value adjustment for the equity portfolio; 2) The sale of Torus Co. stock on March 1, 2021; 3) The purchase of Simplex Co. stock on April 1, 2021; 4) The 2021 fair value adjustment for the equity portfolio. b. Explain howunrealized gains and unrealized losses arise, and how realized gains/losses arise. (4 marks) c. Prepare a table that summarizes the realized gains and losses and the unrealized gains and losses for the equity portfolio at each year-end. (3 marks) d. How do these equity investments affect Fortune's income statement in 2021? (2 marks)