Sheffield Corp. has the following securities in its portfolio of equity securities on December 31, 2021:

		Cost		Fair Value
5,000 shares of Thomas Corp., Common		$152,000		$140,500
10,000 shares of Gant, Common		181,000		189,300
		$333,000		$329,800

All of the securities had been purchased in 2021. In 2022, Sheffield Corp. completed the following securities transactions:

March 1		Sold 5,000 shares of Thomas Corp., Common @ $31 less fees of $1,500.
April 1		Bought 610 shares of Werth Stores, Common @ $45 plus fees of $580.

The Sheffield Corp. portfolio of equity securities appeared as follows on December 31, 2022:

		Cost		Fair Value
10,000 shares of Gant, Common		$181,000		$191,200
610 shares of Werth Stores, Common		28,030		25,840
		$209,030		$217,040

Prepare the general journal entry for Sheffield Corp. for the 2021 adjusting entry.

Prepare the general journal entry for Sheffield Corp. for the sale of the Thomas Corp. stock.

Prepare the general journal entry for Sheffield Corp. for the purchase of the Werth Stores' stock.

prepare the general journal entry for Sheffield Corp. for the 2022 adjusting entry.