Question 9 --/1 View Policies Current Attempt in Progress Flounder Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Cost Fair Value Horton, Inc. common (4,870 shares) $204,540 $188,780 125,580 Monty, Inc. preferred (3,220 shares) 133,000 Oakwood Corp. common (990 shares) 176,220 175,320 On October 10, 2020, the Horton shares were sold at a price of $53 per share. In addition, 3,170 shares of Patriot common stock were acquired at $54 per share on November 2, 2020. The December 31, 2020, fair values were Monty $96,750, Patriot $141,850, and Oakwood $188,440. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Date