Riverbed Corporation made the following cash purchases of securities during 2017, which is the first year n which Riverbed invested in securities On January 15, purchased 10,070 shares of Sanchez Company's common stock at $36.90 per share plus commission $2,050. On April 1, purchased 5,070 shares of Vicario Co.'s common stock at $57.20 per share plus commission $3,440. On September 10, purchased 7,070 shares of WTA Co.'s preferred stock at $29.20 per share plus commission $4,980 On May 20, 2017, Riverbed sold 4,070 shares of Sanchez Company's common stock at a market price of $39 per share less brokerage commissions, taxes, and fees of $3,920. The year-end fair values per share were Sanchez $33, Vicario $61, and WTA $30.80. In addition, the chief accountant of Riverbed told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases a Your answer is correct. Prepare the journal entries to record the above three security purchases. (Round answers to O decimal places, e.g. 2,500. 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 Your answer is partially correct. Try again. Prepare the journal entry for the security sale on May 20. (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indenit manually. If no entry is required, select "No Entry" for the account tities and enter O for the Your answer is partially correct. Try again. Compute the unrealized gains or losses. (Round answer to O decimal places, eg. 2,50o.) Prepare the adjusting entries for Riverbed on December 31, 2017. (Round answers to O decimal places, e.g. 2,500. 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 tities and enter O for the