The following securities are in Unicorn Co.'s portfolio of long-term securities at December 31, 2020. Ownership 7% Cost $ 11.648 224 shares of Gold Corporation ordinary shares (trading) 709 shares of Brown Corporation ordinary shares 249 shares of Blue Corporation ordinary shares (non-trading) 20% 27.651 11% 9.213 On December 31, 2021, Unicorn. Co had the following transactions where the total fair value of the securities was equal to its cost during 2020 Jan 8 Purchased 100 ordinary shares of Gold. Co $62 per share Jan 20 Purchased 350 $55 par value ordinary shares of Grey Co at $75 per share 30% ownership Jan 31 Received cash dividends $2 per share on Brown. Co ordinary shares. June 5 Received $2 per share cash dividend on Blue Co. ordinary shares June 12 Sold 150 ordinary shares of Blue Co. at $35 per shares. Aug 7 Sold 109 ordinary shares of Gold Co. for cash $65 per share Oct 14 Purchased additional 100 $60 ordinary shares of Grey Co $80 per share Nov 16 Received $2.5 per share cash dividend on Grey Co. ordinary shares At December 31,2021 the fair values of the securities were: Blue Corporation ordinary shares Gold Corporation ordinary shares FAIR VALUE $ 42 per shares $ 55 per shares NET INCOME $38.000 $22.000 Brown Corporation ordinary shares Grey Corporation ordinary shares $35 per shares $ 58 per shares $76.000 $48.000 Instructions a. Journalize the transactions b. Journalize the adjustment for fair value and income claim by Unicorn Co