Teal Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Cost Investments 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred $69,700 193,400 60,300 $323,400 Fair Value $65,500 188,300 61,800 $315,600 All of the securities were purchased in 2020. In 2021, Teal 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. Teal'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 $193,400 53,800 60,300 $307,500 Fair Value $ 188,300 50,700 58,300 $297,300 Prepare the general journal entries for Teal 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 o for the amounts.) No. Account Titles and Explanation Debit Credit (a) (b) (0) (d)