Questions: Gardner Corporation, a calendar year-end firm, invested in three debt securities on December 15, 2014, and classified them as trading securities. Gardner sold all three securities on January 1,2015. The table below provides the purchase price, fair values, annual interest amounts, and selling prices for all three securities All securities were acquired at face value and pay interest annually each December 31. Fair Value at December 31, 2014 Annual Interest Amount Selling Price Security Purchase Price $60,000 35,000 30,000 $125,000 S55,500 47,000 27,500 $130,000 $600 280 510 $1,390 $57,500 48,000 26,000 $131,500 Total Gardner had not purchased any other trading securities before January 1, 2014, and it did not make any additional investments subsequent to the sale on January 1, 2015. Requirement: What journal entries are required to properly record these events