Sabran Corporation, a calendar year-end firm. invested in three debt securities on December 15, 2016, and classified them as trending securities. Sabran sold all three securities on January 1, 2017. The following table provides the purchase price, fair values, annual interest amounts, and selling prices for all three securities. All securities were acquired at face value and pay interest annually each December 31. 

Sabran had not purchased any other trading securities before January 1, 2016, and addition make any additional investments subsequent to the sale on January 1, 2017. What journal entries arc required to properly record these events?

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Fair Value at Decem- ber 31.2016 Annual Interest Amount Purchase Price Selling Price Security $50,000 25,000 10,000 $45,000 $350 $46,000 125 175 32,000 34,000 9.000 8,000 $88,000 Total $650 $85.000 $86 000