On January 1, 2020, Sage Inc. had the following balance sheet. SAGE INC. BALANCE SHEET AS OF JANUARY 1, 2020 Equity Assets Cash Debt investments (available-for-sale) Total $46,900 251,100 $298,000 Common stock Accumulated other comprehensive income Total $274,600 23,400 $298,000 The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value of Sage Inc.'s available-for-sale debt securities at December 31, 2020, was $201,000; its cost was $147,900. No securities were purchased during the year. Sage Inc.'s income statement for 2020 was as follows. (Ignore income taxes.) SAGE INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Dividend revenue $4,500 Gain on sale of investments 30,400 Net income $34,900 (a) Prepare the journal entry to record the sale of the available-for-sale debt 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 O for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit