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This window shows your responses and what was marked correct and Incorrect from your previous attempt. On June 30, 2016, Slick Rocks, Inc., purchased 9,900

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This window shows your responses and what was marked correct and Incorrect from your previous attempt. On June 30, 2016, Slick Rocks, Inc., purchased 9,900 shares of Sandstone stock for $22 per share. Management recorded the stock in the available-for-sale securitles portfolio. The following information pertains to the price per share of Sandstone stock: Price $27 12/31/2016 12/31/2017 12/31/2018 24 31 ed Slick Rocks sold all of the Sandstone stock on February 14, 2019, at a price of $33 per share. Prepare any Journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) NO Date General Journal Credit Debit 217,800 1 June 30, 2016 Investments in AFS securities Cash 217,800 2 Dec 31, 2016 49,500 Investments in AFS securities Net unrealized gains (losses) 49,500 3 Dec 31, 2017 69,250 $ Gain on sale of investments Cash * 69.250 4 Dec 31, 2018 158,300 Investments in AFS securities Net unrealized gains (losses) 158,300 $ 5 Feb. 14, 2019 Investments in AFS securities 108,900 3 108.900 *

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