At 12/31/15 Flintstone Company provided the following information:

Investments (Trading) Cost Fair Value

A $117,000 $120,000

B 114,500 160,000

C 111,800 160,000

Securities Fair Value Adjustment Account (12/31/15): $3,300 credit balance

During 2016 security A was sold for $128,800 and security D was purchased for $107,000. The fair value of the securities on 12/31/16 was: B - $118,000; C - $58,000; D - $109,000. Given this information, please provide the entries for the securities transactions in 2016 and the adjusting entry at 12/31/16.