Marsland Inc. completed these long-term investment transactions during 2017. Disregard commissions. Jan. 14 Purchased 1,000 shares of

Question:

Marsland Inc. completed these long-term investment transactions during
2017. Disregard commissions.
Jan. 14 Purchased 1,000 shares of Crew Ltd., paying $41.00 per share. Marsland intends to hold the investment for the indefinite future.
Aug. 22 Received a cash of $3.28 per share on the Crew Ltd. shares.
Dec. 31 Adjusted the Crew Ltd. investment to its current fair value of $50,750.
1. Journalize Marsland's investment transactions. Explanations are not required. Marsland Inc. exerts no significant influence on Crew Ltd.
2. Show how to report the investment and any unrealized gain or loss on Marsland's at December 31, 2017.
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