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9) Bob purchased shares of Delta for 60 on December 22, 2013. The fair value of these securities on December 31, 2013 was 54. On

9) Bob purchased shares of Delta for 60 on December 22, 2013. The fair value of these securities on December 31, 2013 was 54. On January 3, 2014, Bob sold the securities for $65. Prepare the journal entries for the sale and the removal of the investment from the books.

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