1. With the following data prepare the Pina Colada Corporation general journal entry for the sale of the David Jones Inc. shares.

Pina Colada Corporation has the following securities in its portfolio of investments classified as trading investments on December 31, 2017, Pina Colada's year end:

Investments	Carrying Amount (before adjustment)	Fair Value
1500 shares of David Jones Inc., common	$73,500	$65,230
5000 shares of Heam Corp., common	180,000	174,230
400 shares of Alessandro Inc., preferred	60,000	61,210
	$313,500	$300,670

During 2018, Pina Colada completed the following transactions:

Mar 1 Sold the 1500 shares of David Jones Inc. common at $41.50 per share.

Apr 1 Bought 700 shares of Oberto Ltd. common at $75.50 per share.

Pina Colada Corporation's portfolio of trading investments appeared as follows on December 31, 2018:

Investments (Trading)	Carrying Amount	Fair Value
5000 shares of Heam Corp., common	$174,230	$175,000
700 shares of Oberto Ltd., common	52,850	50,400
400 shares of Alessandro Inc., preferred	61,210	57,000
	$288,290	$282,400