Pecan Company has the following portfolio of investment securities at September 30, 2014, its last reporting date. On November 5, 2014, the Platter shares were sold at a price of $42 per share. In addition, 8,000 shares of Patriot common stock were acquired at $37 per share on November 26, 2014. The December 31, 2014, fair values were: Perry $348,000, Pokey $90,000, and the Patriot common $301,000. All the securities are classified as trading. (a) Prepare the journal entries to record the sale, purchase, and adjusting entries related to the trading securities in the last quarter of 2014