The unadjusted trial balance of Whispering Winds 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 $ 87,000 26,000 $113,000 The following are transactions that occurred during 2021. Mar. 1 June 1 June 10 July 15 Sept. 1 Dec. 1 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 $42.00 each. Received a cash dividend on the Liskeard Ltd. share of $2.50 per share. Received the quarterly cash dividend on the Kirkland Inc. preferred shares. Received the quarterly cash dividend on the Kirkland Inc. preferred shares. At December 31, 2021, the Kirkland Inc. preferred shares were trading at $41.50 and the Liskeard Ltd. common shares were trading at $49.00 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 estion 25 of 30 -/18 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, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit > >