On March $10,2023,$ Dearden, Incorporated, purchased $11,200$ shares $(2$ percent$)$ of Jaffa stock for $$57$ per share.

Management intends to hold the securities long term. Dearden's year ends on December $31.$ The following information

pertains to the price per share of Jaffa stock:

Dearden sold all of the Jaffa stock on September $12,2026,$ at a price of $$52$ per share.

Prepare any journal entries that are required by the facts presented in this case.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Reclassify any gain or loss on the sale of the investments on September $12,$

Note: Enter debits before credits.