At December 31, 2012, the available-for-sale equity portfolio for Wenger, Inc. is as follows.

On January 20, 2013, Wenger, Inc. sold security A for $15,300. The sale proceeds are net of brokerage fees.

Instructions
  (a) Prepare the adjusting entry at December 31, 2012, to report the portfolio at fair value.
  (b) Show the balance sheet presentation of the investment related accounts at December 31, 2012. (Ignore notes presentation.)
  (c) Prepare the journal entry for the 2013 sale of security A.