This is from the Systems Understanding Aid 8th Edition: December 31 Sold 150 shares of Sohn Corporation common stock for $27.00 per share. The shares were originally purchased on July 11, 2013 for $21.00 per share plus a commission of $60. Central Brokerage retained a commission of $70 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.

*Make the proper journal entries.