On March 10, 2019, Dearden, Inc., purchased 15,000 shares of Jaffa stock for $35 per share. Management intends to hold the securities long term. Dearden?s year ends on December 31. The following information pertains to the price per share of Jaffa stock:

Dearden sold all of the Jaffa stock on September 12, 2022, at a price of $30 per share. Prepare any journal entries that are required by the facts presented in this case.

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Stock Price $33 12/31/2019 12/31/2020 36 32 12/31/2021