As of December 31, 2014, Kaman Corp. held two Trading Securities. Information regarding these securities is as follows:

Based on the information given, create the journal entry that would be recorded on 12/31/14. (Hint: Use the Fair Market Value Method)

For each line item of the journal entry write whether it is a Dr. or Cr., the account name, and amount.

Secuirty Date Acquired Acquisition Cost Market Value (12/31/14 $35,000 $88,000 1/16/14 $36,000 2/22/14 $79,000