On June 30, 2014, Slick Rocks, Inc., purchased 10,800 shares of Sandstone stock for $16 per share. Management recorded the stock in the available-for-sale securities portfolio. The following information pertains to the price per share of Sandstone stock:

	Price
12/31/2014	$	21
12/31/2015		18
12/31/2016		25

Slick Rocks sold all of the Sandstone stock on February 14, 2017, at a price of $27 per share.

Prepare any journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1.

Record the appropriate journal entry on June 30, 2014.

2.

Record the appropriate journal entry on Dec. 31, 2014.

3.

Record the appropriate journal entry on Dec. 31, 2015.

4.

Record the appropriate journal entry on Dec. 31, 2016.

5.

Record the appropriate journal entry on Feb. 14, 2017.