On July 1, 2019, Slick Rocks, Inc., purchased at par $350,000, 6 percent bonds of Sandstone Company for the trading securities portfolio. The bonds pay interest each June 30 and December 31. Slick Rocks fiscal year ends on December 31. The following information pertains to the price of the Sandstone bonds:

	Bond Price
12/31/2019	$	360,000
12/31/2020		342,000

Slick Rocks sold the Sandstone bonds on June 30, 2021, at a price of $353,000.

Question

Record the purchase of $350,000 investments at par on July 1, 2019.

Record the interest received for the period ending December 31, 2019.

Recognize the fair value of investments on December 31, 2019.

Record the interest received for the period ending June 30, 2020.

Record the interest received for the period ending December 31, 2020.

Recognize the fair value of investments on December 31, 2020.

Record the interest received for the period ending June 30, 2021.

Record the gain on sale of 353,000 investments on June 30, 2021.

Record the cash received from sale of $353,000 investments on June 30, 2021.