Sunland Corporation made the following cash purchases of securities during 2020, which is the first year in which Sunland invested in securities. 1. On January 15, purchased 10,600 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,104. 2. On April 1, purchased 5,300 shares of Vicario Co's common stock at $52 per share plus commission $3,567. 3. On September 10, purchased 7,420 shares of WTA Co's preferred stock at $26.50 per share plus commission $5,202. On May 20, 2020, Sunland sold 4,028 shares of Sanchez Company's common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $4,081. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Sunland told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases. Prepare the journal entries to record the above three security purchases. (Round answers to O decimal places, e.g. 2,500. 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 O for the amounts.) Debit Credit No. (1) Date Jan 15, 2020 Account Titles and Explanation Equity Investments Cash (2) Apr 1, 2020 Equity Investments Cash (3) Sep. 10, 2020 Equity Investments Cash Prepare the journal entry for the security sale on May 20. (Round answers to O decimal places, e.g. 2,500. 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 o for the amounts.) Debit Credit Date Account Titles and Explanation May 20, 2020 Cash Equity Investments Gain on Sale of Investments e Textbook and Media List of Accounts Compute the unrealized gains or losses. (Round answer to 0 decimal places, e.g. 2,500.) Unrealized $ Prepare the adjusting entries for Sunland on December 31, 2020. (Round answers to 0 decimal places, e.g. 2,500. 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 O for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31, 2020 e Textbook and Media List of Accounts