The unadjusted trial balance of Sarasota Inc. at its year ended December 31, 2020 had the following investments that are held for trading Fale Value Carrying Amount Kirkland Inc. $2 non cumulative preferred shares (2.200 shares) $88.000 $ 87.150 Liskeard Ltd. common shares (500 shares) 26, 120 $112.000 $113.270 24,000 The following are transactions that occurred during 2021. Mar. 1 Received the quarterly cash dividend on the Kirkland Inc. preferred shares, June 1 Received the quarterly cash dividend on the Kirkland Inc. preferred shares. June 10 Sold 1,100 Kirkland Inc. preferred shares at $44.75 each. July 15 Received a cash dividend on the Liskeard Ltd. share of $3.50 per share. Sept. 1 Received the quarterly cash dividend on the Kirkland Inc, preferred shares. Dec. 1 Received the quarterly cash dividend on the Kirkland Inc. preferred shares, At December 31, 2021, the Kirkland Inc. preferred shares were trading at $44.25 and the Liskeard Ltd. common shares were trading at $49.12. 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 entr 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, es. 5.275) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Short Term Investments at FVTPL-Bonds Hid Interest Revenue Record the above transactions for 2021 and any required adjusting entries at December 31, 2021. (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. Record journal entries in the order presented in the problem.) Date Debit Credit Account Titles and Explanation Cash Mar. 1 1467 Investments at FVTPL 1467 1467 June 1 Cash 1467 Investments at FVTPL June 10 4922