Thomson Financial buys and sells securities which it categories as available for sale. On December 4, 2015 the company purchased shares of Pepsi Cola for $1, 050,000. On December 31, 2015 the shares had a fair value of $1, 476,000 The shares were sold on January 7 for $1, 056,000. Required Prepare the following journal entries Dec 4, 2015 when the shares were purchased Dec 31, 2015 showing holding loss or gain. Jan 7, 2016 when the shares were sold What pre tax amounts did Thomson include in its 2015 and 2016 as a result of this investment