The following securities are in Oriole Company's portfolio of long-term securities at December 31, 2020. Cost 1,400 shares of Willhite Corporation common stock $70,000 1,300 shares of Hutcherson Corporation common stock 81,900 1,300 shares of Downing Corporation preferred stock 33.800 On December 31, 2020, the total cost of the portfolio equaled total fair value. Oriole had the following transactions related to the securities during 2021. Jan. 20 28 30 8 Feb. Sold all 1,400 shares of Willhite Corporation common stock at $53 per share. Purchased 460 shares of $69 par value common stock of Liggett Corporation at $77 per share. Received a cash dividend of $1.00 per share on Hutcherson Corp.common stock Received cash dividends of $0.50 per share on Downing Corp. preferred stock. Sold all 1,300 shares of Downing Corp. preferred stock at $25 per share. Received a cash dividend of $1.00 per share on Hutcherson Corp.common stock Purchased an additional 860 shares of $10 par value common stock of Liggett Corporation at $81 per share. Received a cash dividend of $1.20 per share on Liggett Corporation common stock. 18 30 July Sept. Dec. 6 1 At December 31, 2021, the fair values of the securities were: Hutcherson Corporation common stock $67 per share $71 per share Liggett Corporation common stock Prepare journal entries to record the transactions. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit > > > (b) Post to the investment accounts. (Use T-accounts.) (C) Prepare the adjusting entry at December 31, 2020 to report the portfolio at fair value. (d) Show the balance sheet presentation at December 31, 2020, for the investment-related accounts