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Glouent securities as of December 31, 20 Security Cost Fair Value $17,000 $16,000 B 23,000 26,000 32.000 28.000 $72.000 $70,000 Prepare the journal entry needed

Glouent securities as of December 31, 20 Security Cost Fair Value $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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