Winterlude Inc completed these long-term investment transactions during 2020 and 2021. 2020 Jan 14 Purchased 1.600 shares of Best Ltd., paying $44.00 per share Winterlude intends to hold the investment for the indefinite future. Aug 22 Received a cash dividend of $4 50 per share on the Best Ltd. shares. Dec. 31 Adjusted the Best Ltd investment to its current fair value of $83,600. 2021 Aug 4 Winterlude Inc sold its investment in Best Ltd. for $54.75 per share. Required Requirement 1. Journalize the sale, excluding any brokerage commission expense On August 4, 2021, Winterlude Inc. sold its investment in Best Ltd for $54.75 per share (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Credit Date Accounts 19 2021 Aug 4 The innuit fields and then continue to the next question 2024 Aug. 4 Winterlude Inc. sold its investment in Best Ltd, for $54.75 per share. Required Journal Entry Date Accounts Debit Credit 2021 Aug 4 Requirement 2. How does the gain or loss that you recorded differ from the gain or loss that was recorded at December 31 2020? This gain on the sale of an investment is The gain recorded at December 31, 2020 was V because it resulted from a change in the investment's fair value, not from the sale of the in Choose from any list or enter any number in the input fields and then continue to the next