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A Corp buys 1000 shares of Company X stock at 35 per share on January 1, 2013. A Corp sells 500 of these shares on

A Corp buys 1000 shares of Company X stock at 35 per share on January 1, 2013. A Corp sells 500 of these shares on May 15 at $42 per share. On June, 2013, A Corp prepares its financial statements when Company X stock is at $40 per share. (Fair value method, trading securities)

1) JE on january 1 for purchase:

2) JE on May 15 sale:

3) JE on June 30 year end:

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