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PROBLEM Korman Company has the following securities in its portfolio of trading securities on December 31, 2014 Fair Value $139,000 190,000 $329,000 5,000 shares of Thomas Corp., Common 10,000 shares of Gant, Common $151,000 182,000 $333,000 All of the securities had been purchased in 2014. In 2015, Korman completed the following securities transactions March 1 Sold 5,000 shares of Thomas Corp., Common $31 less fees of $1,500 April1 Bought 600 shares of Werth Stores, Common $45 plus fees of $550 The Korman Company portfolio of trading securities appeared as follows on December 31, 2015 Fair Value $195,500 10,000 shares of Gant, Common 600 shares of Werth Stores, Common $185,000 Instructions Prepare the general journal entries for Korman Company for: (a) the 2014 adjusting entry b) the sale of the Thomas Corp. stock c) the d) the 2015 adjusting entry hase of the Werth Stores' stock (10 points) Show all computations, including an SFVA T account