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Problem 2 points) Washington Company has the following securities in its portfolio of equity securities on December 31, 2019. All represent less than 20% ownership. Cost Fair Value 5,000 shares of Jefferson Corp., Common $159,000 $139,000 10,000 shares of Grant, Common 182.000 190.000 $341.000 5329.000 All of the above securities had been purchased in 2019. In 2020 Washington completed the following securities transactions: March 1 Sold 4,000 shares of Jefferson Corp., Common @ 31 less fees of $1,500. April 1 Bought 600 shares of Lincoln Stores, Common @ $45 plus fees of $550. The Washington Company portfolio of equity securities appeared as follows on December 31, 2020. All represent less than 20% ownership. Cost Fair Value 10,000 shares of Grant, Common $195,500 1,000 shares of Jefferson Corp. Common 32,000 600 shares of Lincoln Stores, Common 25,500 $253.000 Instructions Prepare the journal entries assuming a December 31" year end for Washington Company for: (a) the 2019 adjusting entry. (b) the sale of the Jefferson Corp. stock. (c) the purchase of the Lincoln Stores' stock. (d) the 2020 adjusting entry