On January $2,$ Froxel Company purchased $10,000$ shares of Sandia Corporation common stock at $$19$ per share. This represents $30\%$ of Sandia Corporation's outstanding stock. On August $6,$ Sandia Corporation declared and paid cash dividends of $$1\mathrm{.}75$ per share, and on December $31$ it reported net income of $$150,000.$

$3$d$.$ Journalize the necessary entry if Froxel Company sold its entire share of Sania Corporation stock for $$92,500$ on December $31$st$.$

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