On January 3, 2020, Nancy Corporation purchased the following trading securities as an investment:

Company	Cost
A	$8,000
B	24,000
C	17,600

Required:

a.	Prepare the journal entry to record the acquisition of the investment.
b.	On June 30, 2020, C Company paid interest of $2,400. Prepare the journal entry that would be used by Nancy to record the interest receipt.
c.	On December 31, 2020, the market values per share were:

Company	Market Value
A	$8,800
B	24,000
C	16,000

	Prepare any journal entry necessary to record these changes in market value.
d.	On March 14, 2021, Nancy sold the investment in C Company for $14,400 per share. Prepare the journal entry to record the sale.