Template Company provided the following with respect to marketable equity securities held as "trading". 1. The entity carried the following securities on December 31, 2019: Cost Market A ordinary - 4,000 shares 330,000 300,000 B ordinary - 1,000 shares 200,000 160,000 C preference - 2,000 shares 300,000 310,000 830,000 770,000 2. On June 30, 2020, the entity sold all the B ordinary shares for P140,000. 3. On December 31, 2020, the securities are quoted as follows: A Ordinary C Preference 80 180 Required: Prepare journal entries to record the transactions.Transitory Company acquired the following equity securities: December 31, 2019 Cost Market Moon Company 200,000 120,000 Star Company 400, 000 280,000 Sun Company 600,000 650,000 December 31, 2020 Moon Company 200,000 220,000 Star Company 400,000 300,000 Sun Company 600,000 580,000 The equity securities do not qualify as held for trading. The entity has elected irrevocably to present changes in fair value in other comprehensive income. Required: Prepare journal entries on December 31, 2019 and December 31, 2020