Violet 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 Cost Fair Value $76,400 $72,200 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred 184,100 179,300 56,200 57,800 $316,700 $309,300 All of the securities were purchased in 2020. In 2021, Violet 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. Violet's portfolio of equity securities appeared as follows on December 31, 2021. Investments 5,000 shares of Wallace Corp., Common Cost $184,100 Fair Value $179,300 700 shares of Earnhart Corp., Common 53,800 50,200 400 shares of Martin, Inc., Preferred 56,200 54,400 $294,100 $283,900 Prepare the general journal entries for Violet Company for: a. The 2020 adjusting entry. b. The sale of the Gordon stock. c. The purchase of the Earnhart stock. d. The 2021 adjusting entry for the trading portfolio. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)