Teal Corporation made the following cash purchases of securities during 2020, which is the first year in which Teal invested in securities. 1. On January 15, purchased 10,400 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,064. On April 1, purchased 5,200 shares of Vicario Cois common stock at $52 per share plus commission $3,500. On September 10, purchased 7,280 shares of WTA Cois preferred stock at $26.50 per share plus commission $5,104. 2. 3. On May 20, 2020, Teal sold 4,160 shares of Sanchez Company's common stock at a market price $35 per share less brokerage commissions, taxes, and fees of $4,004. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Teal 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. (c) Compute the unrealized gains or losses. (Round answer to O decimal places, e.g. 2,500.) Unrealized $ Prepare the adjusting entries for Teal on December 31, 2020. (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.) Account Titles and Explanation Debit Credit Date Dec. 31, 2020