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Riverbed Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. Trading Securities Cost Fair Value Horton, Inc. common

Riverbed Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. Trading Securities Cost Fair Value Horton, Inc. common (5,120 shares) $220,160 $203,890 Monty, Inc. preferred (3,590 shares) 140,010 146,770 Oakwood Corp. common (960 shares) 173,760 172,690 On October 10, 2017, the Horton shares were sold at a price of $54 per share. In addition, 3,040 shares of Patriot common stock were acquired at $56 per share on November 2, 2017. The December 31, 2017, fair values were Monty $114,890, Patriot $139,880, and the Oakwood $186,000. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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