Chapter 17 Problem Trading equity securities. arman Company has the following securities in its portfolio of equity securities on Cost 5,000 shares of Thomas Corp. Common 10.000 shares of Gant, Common 5335.000 es in its portfolio of equity securities on December 31, 2021: Fair Value SI51.000 $ 139,000 184.000 190.000 $129.000 All of the securities had been purchased in 2021. In 2022. Korman completed the following secure transactions March ! Sold 5,000 shares of Thomas Corp. Common $12 less fees of $1.500. Aprill Bought 600 shares of Werth Stores, Common $45 plus fees of $550 The Korman Company portfolio of equity securities appeared as follows on December 31, 2022 Fair Value 10,000 shares of Gant, Common $184,000 $195,500 600 shares of Werth Stores, Common 27,350 25,500 $211.550 $221.000 OOOUUUUUUUUUUUUUUUUUUUUUUU Instructions Prepare the general journal entries for Korman Company for: (a) the 2021 adjusting entry. (b) the sale of the Thomas Corp. stock. Continued on next page. (c) the purchase of the Werth Stores Mock. (d) the 2022 adjusting entry