same question, 3 parts. ill give thumbs up if is right.

Exercise 7.13 (Static) Accounting for Marketable Securities (LO7-1, LO7.4) Wharton, Inc. pays Income taxes on capital gains (including gains on marketable securities) at a rate of 30 percent. At December 31, year 1, the company owns marketable securities that cost $180.000 but have a current market value of $220,000. b. As of December 31. year 1, what income taxes has Wharton paid on the increase in value of these Investments? c. Prepare a journal entry at January 4, year 2 to record the cash sale of these investments at $220,000. d. What effect will the sale recorded in partc have on Wharton's tax obligation for year 2? Complete this question by entering your answers in the tabs below. Required Required Requirud As of December 31, year 1, what income taxes has Wharton paid on the increase in value of these investments? Income taees paid on the increase in the securities value Required C > Exercise 7.13 (Static) Accounting for Marketable Securities (L07-1, L07.4) Wharton, Inc., pays income taxes on capital gains (including gains on marketable securities) at a rate of 30 percent. At December 31, year 1, the company owns marketable securities that cost $180,000 but have a current market value of $220,000. b. As of December 31. year 1, what Income taxes has Wharton pald on the increase in value of these investments? Prepare a journal entry at January 4. year 2 to record the cash sale of these investments at $220,000, d. What effect will the sale recorded in part chave on Wharton's tax obligation for year 22 Complete this question by entering your answers in the tabs below. Required Required Required D Prepare a journal entry at January 4, year 2, to record the cash sale of these investments at $220,000. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account hield.) View transaction ist Journal entry worksheet