On January 1, 2020, Indigo Inc. had the following balance sheet.

INDIGO INC. BALANCE SHEET AS OF JANUARY 1, 2020
Assets				Equity
Cash		$70,000		Common stock		$397,000
Debt investments (available-for-sale)		367,000		Accumulated other comprehensive income		40,000
Total		$437,000		Total		$437,000

The accumulated other comprehensive income related to unrealized holding gains on available-for-sale securities. The fair value of Indigo Inc.s available-for-sale securities at December 31, 2020, was $307,000; its cost was $284,000. No securities were purchased during the year. Indigo Inc.s income statement for 2020 was as follows. (Ignore income taxes.)

INDIGO INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Dividend revenue		$11,000
Gain on sale of investments		27,000
Net income		$38,000

(a)

Prepare the journal entry to record the sale of the available-for-sale securities in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
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enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount