Shamrock Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for under the equity method. 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred Fair Value $71,800 193,000 59,300 $331,800 $324,100 Cost $76,200 197,700 57,900 All of the securities were purchased in 2017 In 2018, Shamrock completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common, $45 less fees of $1,200. April 1 Bought 700 shares of Earnhart Corp.,Common, $75 plus fees of $1,300 Shamrock's portfolio of equity securities appeared as follows on December 31, 2018 Fair Value $193,000 50,600 56,100 $309,400$299,700 Cost 5,000 shares of Wallace Corp., Common 700 shares of Earnhart Corp, Common 400 shares of Martin, Inc., Preferred $197,700 53,800 57,900 Prepare the general journal entries for Shamrock Company for: (a) (b) The 2017 adjusting entry. The sale of the Gordon stock