During 2014, Woods Company purchased 60,000 shares of Holmes Corporation common stock for $945,000 as an available-for-sale investment. The fair value of these shares was $900,000 at December 31, 2014. Woods sold all of the Holmes stock for $17 per share on December 3, 2015, incurring $42,000 in brokerage commissions.

Prepare the necessary journal entries, in T-account format, to recognize these economic transactions.

(I know the Gain on sale is $33,000. I just need helping with journal entries)

Thank you!