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On June 30, 2016, Slick Rocks, Inc., purchased 11,000 shares of Sandstone stock for $22 per share. Assume that Slick Rocks management purchased the Sandstone

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On June 30, 2016, Slick Rocks, Inc., purchased 11,000 shares of Sandstone stock for $22 per share. Assume that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio. The following information pertains to the price per share of Sandstone stock: 12/31/2016 12/31/2017 12/31/2018 Price $26 21 28 Slick Rocks sold all of the Sandstone stock on February 14, 2019, at a price of $30 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.)

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