QUESTION 3: Company had $15,000 short term investments (15,000 shares at 1$ each) and $2,000 allowance to adjust STI to my debit balance as of the beginning of the year. During the year, the following shares were sold at $5,000. 3,000 shares with a cost of $1 each. At the end of the year, the remaining shares were worth $16,500. Record the sale of the shares and do the adjusting entry at the end of the year.