Problem III. (25 Points). Adler Company has the following securities in its portfolio of equity securities on December 31, 2021: All of the securities had been purchased in 2021. In 2022, Adler completed the following securities transactions: March 1 Sold 5,000 shares of Thomas Corp., Common@ $32 less fees of $1,500. April11Bought 600 shares of Werth Stores, Common@\$45 plus fees of $550. The Adler Company portfolio of equity securities appeared as follows on December 31, 2022: Instructions Prepare the general journal entries for Adler Company for: (a) the 2021 adjusting entry. (b) the sale of the Thomas Corp. stock. (c) the purchase of the Werth Stores' stock. (d) the 2022 adjusting entry. Problem III. (25 Points). Adler Company has the following securities in its portfolio of equity securities on December 31, 2021: All of the securities had been purchased in 2021. In 2022, Adler completed the following securities transactions: March 1 Sold 5,000 shares of Thomas Corp., Common@ $32 less fees of $1,500. April11Bought 600 shares of Werth Stores, Common@\$45 plus fees of $550. The Adler Company portfolio of equity securities appeared as follows on December 31, 2022: Instructions Prepare the general journal entries for Adler Company for: (a) the 2021 adjusting entry. (b) the sale of the Thomas Corp. stock. (c) the purchase of the Werth Stores' stock. (d) the 2022 adjusting entry