On November $1,2012$ ABC Inc. purchased $10,000$ common shares of XYZ Co$.$ at $$6$ per share for cash and classified them as: $1)$ trading securities; $2)$ available for sale securities $.$ On December $31,2012$ common shares of XYZ Co$.$ were trading at $$5$ per share. On January $15,2013$ ABC Inc. sold $2,500$ common shares of XYZ Co$.$ at $$8$ per share for cash. Adjustments to fair value are made on December $31$ each year.

Required: Prepare all journal entries in the books of ABC Inc. related to investment in XYZ Co$.$ common shares, for the period of time starting November $1,2012,$ till January $15,2013$;