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On August 4, 2017, Raider Investments sold its investment in Velcon stock for $40 per share. Requirements 1. Journalize the entries for 2016. Explanations are

On August 4, 2017, Raider Investments sold its investment in Velcon stock for $40 per share. Requirements 1. Journalize the entries for 2016. Explanations are not required. 2. Journalize the sale that occurred in 2017. Explanations are not required. 3. What account(s) and amount(s), if any, would be reported on Raider's income statement for the year ended December 31, 2017

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