Flounder 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 $79,000 165,600 59,600 $304,200 Fair Value $74,500 160,100 61,000 $295,600 All of the securities were purchased in 2020. In 2021, Flounder completed the following securities transactions. March 1 April 1 Sold the 1.500 shares of Gordon, Inc, Common @ $45 less fees of $1,200. Bought 700 shares of Earnhart Corp. Common @ $75 plus fees of $1,300. Flounder's portfolio of equity securities appeared as follows on December 31, 2021. Cost Investments 5,000 shares of Wallace Corp., Common 700 shares of Earnhart Corp. Common 400 shares of Martin, Inc., Preferred $165,600 53,800 59,600 $279,000 Fair Value $160,100 50,300 57,700 $268,100 Prepare the general journal entries for Flounder Company for. (a) (b) Ic) (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. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts.) Debit Credit No. Account Titles and Explanation (a) (b) (C) (d)