The aggregate cost and aggregate market value of the portfolio of marketable equity securities of Elliott Corporation at various dates are shown below:

Give the journal entry required at the end of each year, assuming that the accounting period is the calendar year.

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Date December 31, 1979 Aggregate Aggregate Cost Market Value $150,000 $140,000 December 31, 1980 160,000 154,000 December 31, 1981 170.000 175,000 December 31, 1982 180,000 178,000