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Skysong Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Investments 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp. Common 400 shares of Martin, Inc., Preferred Cost $79,600 170.900 65,800 $316,300 Fair Value $74,700 165,800 67,200 $307,700 All of the securities were purchased in 2020. In 2021, Skysong completed the following securities transactions. March 1 Sold the 1.500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. April 1 Bought 700 shares of Earnhart Corp.Common, @ $75 plus fees of $1,300. Skysong's portfolio of equity securities appeared as follows on December 31, 2021. Investments 5,000 shares of Wallace Corp., Common 700 shares of Earnhart Corp., Common 400 shares of Martin, Inc., Preferred Cost $170,900 53,800 65,800 $290,500 Fair Value $165,800 50.000 64.000 $279,800 Prepare the general journal entries for Skysong Company for: (a) (b) (c) (d) The 2020 adjusting entry. The sale of the Gordon stock The purchase of the Earnhart stock. The 2021 adjusting entry for the trading portfolio