ructure.com courses/36773/assignments/326857module item id-461210 e Maps Question 2 View Policies Current Attempt in Progress On December 21, 2020, Kingbird Company provided you with the following information regarding its equity investments. December 31, 2020 Con Investments (Trading) Cost Fair Value Unrealized Gain (Loss) Clemson Corp.stock port $(900) (1.100) Colorado Costock $21,600 10,700 21,600 $53,900 $20,700 9,600 22,200 $52,500 Buffaloes Costock 800 Total of portfolio (1,400) Previous fair value adjustment balance Fair value adjustment-Cr. $(1.400) During 2021, Colorado Costock was sold for $10,140. The fair value of the stock on December 31, 2021, was Clemson Corp.stock --$20.790: Buffaloes Co. stock-$22.110. None of the equity Investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020 (b) Prepare the journal entry to record the sale of the Colorado Co stock during 2021. d) Prepare the adjusting journal entry needed on December 31, 2021 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 for the amounts.) MacBook Pro