At December 31, 2009, the FV-OCI equity portfolio of Boswick Inc., was as follows:

Security Cost and Fair Value Unrealized Gain

Carrying Amt (Loss)

A $22,000 $15,500 $ (6,500)

B 37,000 44,500 7,500

C 13,500 15,750 2,250

Total $52,500 $75,750 $ 3,250

On January 20, 2010, Boswick Inc. sold security A for $16,200.

Required:

1. Prepare the adjusting entry at December 31, 2009 (if required).
2. Prepare the journal entries for the 2010 sale of security A.