Recording Entries for Equity Investment: FV-NI Adjust FVA at Year-End At December 31, 2019, the portfolio of investments in equity securities measured at FV-NI held by Athletes Inc. is as follows. Unrealized Holding Investment Security Cost Fair Value Gain (Loss) Badger Common Stock (1,000 shares) $32,000 $31,600 S[4001 Spartan Common Stock 11,600 shares) 40,000 40,800 Wildcat Common Stock (500 shares) 20.000 18,800 (1.2009 Total $92.000 $91,200 SIRI On June 1, 2020, Athletes Inc. sold 320 shares of Spartan stock for 533 per share and 80 shares of Wildcat stock for $55 per share. Athletes Inc. purchased 320 shares of Gopher common stock for $35 per share on August 1, 2020. The fair value of the remaining stock held on December 31, 2020, is as follows: Badger common stock, $33,600; Spartan common stock, 528,800: Wildcat common stock, S16,640; and Gopher common stock $11.520 a. Prepare the entry for the sale of Spartan and Wildcat common stock on June 1, 2020 b. Record the purchase of Gopher common stock on August 1, 2020, C. Prepare any adjusting entry needed on December 31, 2020. Note: List multiple debits or credits (when applicable) in alphabetical order. Date Account Name Dr Cr a June 1, 2020 0 a Aug 1, 2020 0 C. Der 31, 2020 Please answer all parts of the