At December 31, 2014, the available-for-sale equity portfolio for XYZ Corp. is as follows.
Security			Cost			Fair Value
Stock-A			$33,600			$31,000
Stock-B			175,000			174,000
Stock-C			59,400			68,500
Total			$268,000			$273,500
December 31, 2013, securities fair value adjustment balanceDr. 5,400
On January 20, 2015, XYZ sold stock-A for $31,100. The sale proceeds are net of brokerage fees.
(a) Prepare the adjusting entry at December 31, 2014, to report the portfolio at fair value.
(b) Prepare the journal entry for the 2015 sale of Stock-A.