RCES Exercise 17-15 Flint Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method Investments 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred Cost $80,500 193,200 65,900 $339,600 Fair Value $76,300 188,400 67,600 $332,300 Cudy All of the securities were purchased in 2020. In 2021, Flint completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common, $45 less fees of $1,200. April 1 Bought 700 shares of Earnhart Corp., Common, $75 plus fees of $1,300. Flint's portfolio of equity securities appeared as follows on December 31, 2021. Investments 5,000 shares of Wallace Corp., Common 700 shares of Earhart Corp., Common 400 shares of Martin, Inc., Preferred Cost $193,200 53,800 65,900 $312,900 Fair Value $188,400 50,500 64,100 $303,000 Prepare the general journal entries for Flint Company for: (a) The 2020 adjusting entry. The sale of the Gordon stock. The purchase of the Earhart stock. CALCULATOR (a) The 2020 adjusting entry. (b) The sale of the Gordon stock. (c) The purchase of the Earhart stock. (d) The 2021 adjusting entry for the trading portfolio. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "Na titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (a) (b) (c) (d) Click if you would like to Show Work for this question: Oren Show Work