IS Kieso, Intermediate Accounting, 17e CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 17-15 Teal 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 572,500 176,100 63,300 $312,100 Fair Value SOD 171.700 305.000 Study All of the securities were purchased in 2020 in 2021, Teal completed the following securities transactions March 1 Aprill So the 1.500 shares of Gordon, Inc. Common bought 700 shares of Earhart Core, Commen, ess fees of $1,200 575 plus fees of $1,300 Teal's portfolio of equity securities are as follows on December 31, 2021 5.000 es of W o rs, Common 700 shares of Earhart Corp. Common Cost $176,300 53.800 63.300 5293,400 Fair Valve $171,700 50.100 51300 200.000 Prepare the gener a l entries for Teal Company for: (a) The 2020 The purchase of the a rt ock. The 2021 adjusting entry for the trading portfolio (d) 7x BN M ? mand command option