During 2021, Colorado Co. stock was sold for $10,010. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$19,290; Buffaloes Co. stock—$20,800. 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.(c) Prepare the adjusting journal entry needed on December 31, 2021.

If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u.s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.