Solutions provided in red colour, please provide the breakdown for where the numbers are coming from for each journal entry.

Keitel Corp. had the following securities (all purchased in 2017) in its investment portfolio on December 31, 2017: In 2018, Keitel made the following changes to the portfolio: 1 On Feb. 15, sold 2,400 Alpha shares for $13.50 per share less fees of $600. 2 On April 9, purchased 4,000 Candy Ltd. common shares at \$9.00 per share plus fees of \$1,080. 3. On Nov. 15 , sold 8,000 Omicron shares for $10 per share less fees of $1,200. On December 31, 2018, the fair values per share of the securities were as follows: Alpha \$8; Beta $300; Omicron \$9; and Candy \$21. Keitel accounts for the portfolio using the FV-OCI model without recycling. a. Prepare journal entries to record the sale of Alpha shares. (12 marks) b. Prepare journal entries on December 31, 2018 to adjust the carrying (book) value of the equity portfolio. (8 marks)