FKG Inc. carries the following debt investments on its books at December 31, 2015, and December 31, 2016. All securities were purchased during 2015.

Trading Securities: Company A Company Cost Value, Dec. 31, 2015 Value, Dec. 31, 2016 $25,000 $13,000 $35,000 $13,000 $20,000 $20,000 $20,000 $25,000 B Company C Company $30,000 Available for Sale Securities: Value, Dec. 31, 2015 $230,000 Value, Dec. 31, 2016 $50,000 $70,000 Cost Company X Company Y Company $210,000 $50,000 S60,000 Required: (1.) Prepare the necessary journal entries for FKG on December 31, 2015.