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Crane Co. had purchased200shares of Washington Co. for $36each this year (Oregon Co. does not have significant influence). Crane Co. sold100shares of Washington Co. stock

Crane Co. had purchased200shares of Washington Co. for $36each this year (Oregon Co. does not have significant influence). Crane Co. sold100shares of Washington Co. stock for $42each. At year-end, the price per share of the Washington Co. stock had dropped to $30.

Prepare the journal entries for these transactions and any year-end adjustments.

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