Exercise 3-Trading equity securities. (12 points) PLEASE ANSWER in the BOOKLET Anibel Company has the following securities, classified as trading, in its portfolio of equity securities on December 31, 2019: 5,000 shares of Bindo Corp., Common 10,000 shares of Wayne, Corp. Common Cost $175,000 192.000 $367.000 Fair Value $160,000 199,000 $359.000 All of the securities had been purchased in 2019. In 2020, Anibel Company completed the following securities transactions: March 1 Sold 5,000 shares of Bindo Corp., Common @ $38 per share. April 1 Bought 900 shares of IBM, Inc. Common @ $50 per share. The Anibel Company portfolio of equity securities appeared as follows on December 31, 2020: 10,000 shares of Wayne, Corp. Common 900 shares of IBM, Inc. Common Cost $ 192,000 45.000 $237.000 Fair Value $204,500 20,500 $225.000 Instructions Prepare the general journal entries for Anibel Company for: (a) the 2019 adjusting journal entry. (b) the sale of the Bindo Corp. stock. (c) the purchase of the IBM, Inc. stock. (d) the 2020 adjusting journal entry. 2020