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In: Accounting7. Hadley Company hasthe following securities in its portfolio on December 31, 2020: ...7. Hadley Company hasthe following securities in its portfolio on December 31, 2020: Cost Fair Value15,000 shares of Brady Corp.Common $450,000 $460,000100 shares of Sanders, Inc.Common 115,000 90,0002,000 shares of Peters, Inc. Preferred 210,000 195,000 $775,000 $745,000All of the securities were purchased in 2020. In 2021, Hadleycompleted the followingsecurities transactions:March1 Sold5,000 shares of Brady, Corp. Common for $170,000August 1 Bought 1,000 shares of North Stores, Common @ $40 each plus fees of$1,000.The Hadley Company portfolio of securities appeared as followson December 31, 2021: Cost Fair Value10,000 shares of Brady Corp.,Common $300,000 $280,000100 Sanders ConvertibleBonds 115,000 102,0001.000 shares North StoresCommon 41,000 42,0002,000 shares of Peters, Inc. Preferred 210,000 220,000 $666,000 $644,000On the form provided prepare the general journal entries forHadley Company for:(a) the 2020 adjustingentry.(b) the sale of theBrady stock.(c) the purchase ofthe North Stores' stock.(d) the 2021 adjustingentry. (10 points)