Fair Value Method Investment

At December 31, 2010, Wilkerson had the following portfolio of equity securities available for sale:

	Cost	Market Value
Bark Co. stock	$30	$32
Howl Co. stock	90	84

a.	Assuming any gain or loss is considered to be temporary, prepare the adjusting entry required under current GAAP for year-end market value changes.
b.	Assuming that, in 2011, Wilkerson sold the Howl Co. stock for $83, record the sale.
c.	Assuming that the portfolio at the end of 2011 is composed of the following holdings, prepare any necessary entry. Show work please
		Cost	Market Value
	Bark Co. stock	$30	$32
	Yelp Co. stock	70	59