The unadjusted trial balance of Sarasota Inc. at its year ended December 31, 2020 had the following investments that are held for trading: Kirkland Inc. $2 non cumulative preferred shares (2.200 shares) Liskeard Ltd. common shares (500 shares) Carrying Amount $ 88,000 24,000 $112.000 Fair Value $ 87,820 26,420 $114,240 The following are transactions that occurred during 2021 Received the quarterly cash dividend on the Kirkland Inc. preferred shares. Received the quarterly cash dividend on the Kirkland Inc. preferred shares Sold 1.100 Kirkland Inc. preferred shares at $43.50 each July 15 Received a cash dividend on the Liskeard Ltd share of $2.75 per share Sept. 1 Received the quarterly cash dividend on the Kirkland Inc preferred shares. Received the quarterly cash dividend on the Kirkland Inc preferred shares Mar. 1 June 1 June 10 Dec 1 At December 31, 2021, the Kirkland Inc. preferred shares were trading at $43.00 and the Liskeard Ltd. common shares were trading at $51.96 Record any necessary adjusting entry at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275.) Date Dec 31, 2020 Account Tities and Explanation Investment Income or Loss Debit Credit 2