Required: Problem 3: Perez Company began operations in 2017. Since then, it has reported the following unrealized gains and losses for its equity investments all holdings are less than 20% interest). (A) Complete the schedule showing aggregate cost and fair values for Perez's securities portfolio at 12/31/20 2017: Loss (30,000) 2018: Gain 10.000 2019: Loss (15,000) 12/31/2020 Total Cost 12/31/20 Total Fair Value At January 1, 2020, Perez owned the following securities BKD Common LRF Preferred HB Common TOTAL Cost $450,000 210,000 BKD Common (15,000 shares) LRF Preferred (2,000 shares) During 2020, the following occurred: 1. Perez sold 5,000 shares of BKD for $170,000 on April 1. 2. Perez purchased 1,000 shares of HB, Inc. common for $40 per share on October 15. Brokerage commissions totaled $1000 (B) Prepare the Journal Entries for 2020 Date Account Dr Cr At 12/31/20, Perez's investments were valued as follows: BKD Common (10,000 shares) LRF Preferred (2,000 shares) HB Common (1,000 shares) Market Price/Share $28 $110 $45