Plotner Corporation has the following trading portfolio of stock investments as of December 31, 2014.

Security		Cost		Fair Value
A		$19,000		$15,000
B		22,000		27,000
C		34,000		29,000
		$75,000		$71,000

On January 22, 2015, Plotner Corporation sold security C for $32,000.

Prepare the adjusting entry for Plotner Corporation on December 31, 2014, to report the portfolio at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the journal entry for the 2015 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 22