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Oregon Co. had purchased 236 shares of Washington Co. for $43 each this year and classified the investment as a trading security. Oregon Co. sold

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Oregon Co. had purchased 236 shares of Washington Co. for $43 each this year and classified the investment as a trading security. Oregon Co. sold 137 shares of the stock for $46 each. At year-end, the price per share of the Washington Co. stock had dropped to $35. Prepare the journal entries for these transactions and any year-end adjustments

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