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Derbyshire Corporation has the following investment securities as of December 31, 2016. Security Cost Fair Value A $17,000 $16,000 B 23,000 26,000 32,000 28,000 $72,000

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Derbyshire Corporation has the following investment securities as of December 31, 2016. Security Cost Fair Value A $17,000 $16,000 B 23,000 26,000 32,000 28,000 $72,000 $70,000 Prepare the journal entry needed for Derbyshire Corporation on December 31, 2016

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