Journal entries to apply the market value method for long-term investments in securities.

The following information summarizes data about the long-term minority, passive investments in securities of Blake Company. Blake Company classifies these investments as Securities Available for Sale.

Date Acquired Acquisition Cost Date Sold Selling Price Market Value Security Dec. 31.

Year 4 Dec 31, Year 5 F 7/9/Year 3 $93,700 10/29/Year 4 $89,700 — —

G 7/2/Year 4 42,800 $38,300 $36,900 H 10/19/Year 4 29,600 9/17/Year 5 32,300 31,600 -

I 2/9/Year 5 18,100 — 20,700 The market value of the investment in Security F totaled S9 1.200 on December 31. Year 3.

Assume that none of the investees paid dividends during Year 4 or Year 5. Prepare journal entries to account for these investments in securities during Year 4 and Year 5 using the market value method.