Sheffield Corporation has the following securities in its portfolio of investments that are held for trading on December 31, 2021, Sheffield's year end (all investments are included in one account Investments at FVTPL):

Investments		Carrying Amount (before adjustment)			Fair Value
1,500 shares of David Jones Inc., common		$ 73,500			$	65,980
5,000 shares of Heam Corp., common		180,000			174,380
400 shares of Alessandro Inc., preferred		60,000			61,510
		$313,500			$301,870

During 2022, Sheffield completed the following transactions:

Mar. 1		Sold the 1,500 shares of David Jones Inc. common at $41.50 per share.
Apr. 1		Bought 700 shares of Oberto Ltd. common at $75.50 per share

Sheffield Corporation's portfolio of held for trading investments appeared as follows on December 31, 2022:

Investments		Carrying Amount			Fair Value
5,000 shares of Heam Corp., common		$	174,380		$	175,000
700 shares of Oberto Ltd., common		52,850			50,400
400 shares of Alessandro Inc., preferred		61,510			57,000
		$288,740			$282,400

Prepare the Sheffield Corporation general journal entry for the December 31, 2021, adjusting entry.

Prepare the Sheffield Corporation general journal entry for the sale of the David Jones Inc. shares

Prepare the Sheffield Corporation general journal entry for the purchase of the Oberto Ltd. shares.

Prepare the Sheffield Corporation general journal entry for the December 31, 2022, adjusting entry.