Your answer is correct. Prepare the entry for the security sale on January 15, 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.) Date Account Titles and Explanation Debit Credit Jan 15, 2021 Cash 58530 Equity Investments 58000 Gain on sale of investments 530 e Textbook and Media (b) Your answer is correct. Prepare the journal entry to record the security purchase on April 17.2021. (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.) Date Account Titles and Explanation Debit Credit Apr 17 Equity Investments 2021 36960 Cash 36960 Textbook and Media IC) Compute the unrealized gains or losses. Unrealized S Prepare the adjusting entry for Pearl 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:) Debit Credit Date Account Titles and Explanation Dec. 31. 2021 Pearl Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1)2,900 shares of Anderson Co.common stock which cost $58,000. (2) 10,800 shares of Munter Ltd.common stock which cost $615,600, and (3) 5.700 shares of King Company preferred stock which cost $245,100. The Fair Value Adjustment account shows a credit of $10,100 at the end of 2020. A in 2021, Pearl completed the following securities transactions. 1 2. On January 15. sold 2.900 shares of Anderson's common stock at $21 per share less fees of $2,370. On April 17. purchased 1.000 shares of Castle's common stock at $35 per share plus fees of 51.960. On December 31, 2021, the market prices per share of these securities were Munter $65, King $40, and Castle $20. In addition the accounting supervisor of Pearl told you that even though all these securities have readily determinable fair values, Pearl will not actively trade these securities because the top management intends to hold them for more than one year