Splish Company has the following securities in its portfolio on December 31, 2020. None of these investments under the equity method. Investments 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred Cost $80,100 178,900 59,900 $318,900 Fair Value $75,300 173,800 61,700 $310,800 All of the securities were purchased in 2020. In 2021, Splish completed the following securities transactions. March 1 April 1 Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300. Splish's portfolio of equity securities appeared as follows on December 31, 2021. Investments 5,000 shares of Wallace Corp., Common 700 shares of Earnhart Corp., Common 400 shares of Martin, Inc., Preferred Cost $178,900 53,800 59,900 $292,600 Fair Value $173,800 50,600 58,100 $282,500 Prepare the general journal entries for Splish Company for: Prepare the general journal entries for Splish Company for: (a) (b) (c) (d) The 2020 adjusting entry. The sale of the Gordon stock. The purchase of the Earnhart stock. The 2021 adjusting entry for the trading portfolio. (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 for the amounts.) Debit Credit No. Account Titles and Explanation (a) Unrealized Holding Gain or Loss -Income Fair Value Adjustment (b) Cash Loss on Sale of Investments Equity Investments (c) Equity Investments Cash (d) Unrealized Holding Gain or Loss -Income Fair Value Adjustment