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On November 28, 20x7, Bruin Company purchased 50,000 shares of Sox Corporation common stock at $18 per share. Bruin Corporation intends to hold the shares

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On November 28, 20x7, Bruin Company purchased 50,000 shares of Sox Corporation common stock at $18 per share. Bruin Corporation intends to hold the shares for a short period of time. On December 31, 20x7, the fair value of this investment was $750,000. Finally, on January 19, 20x8, Bruin sells 20,000 shares for $375,000, paying a brokerage of 2%. Show a journal entry in the books of Bruin on November 28

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