Prepare Journal entry.

On March 10, 2019, Dearden, Inc., purchased 15,000 shares of Jaffa stock for $35 per share as a long-term passive investment. Deardens year ends on December 31. The following information pertains to the price per share of Jaffa stock:

	Stock Price
12/31/2019	$	33
12/31/2020		36
12/31/2021		32

Dearden sold all of the Jaffa stock on September 12, 2022, at a price of $30 per share.

A.) Prepare Journal entry: Record the cash received from the sale of the equity securities as on September 12, 2022.