This is an entry from SUA 9th edition

Sold 150 shares of Green Corporation common stock for $26 per share. The shares were originally purchased on July 11, 2016, for $22 per share plus a commission of $85. Central Brokerage retained a commission of $75 on the sale and forwarded check no. 4289 for the net sale proceeds to Waren.

*Calculate and record the gain or loss on the sale of the marketable securities.

*Be sure to consider the effects of both the purchase and sale commission expenses.