In February 2000, Packard Corporation purchased the following securities. Prior to these purchases, Packard had no portfolio of investment securities

\begin{tabular}{cllr}

\hline Security & Type & Classification & Cost \\

\hline 1 & Debt & Trading & $\$ 11,500$ \\

2 & Equity & Trading & 9,000 \\

3 & Equity & Available-for-sale & 7,250 \\

4 & Debt & Available-for-sale & 12,300 \\

\hline

\end{tabular}

During 2000, Packard received $\$ 2,400$ in interest and $\$ 1,800$ in dividends. On December 31, 2000, Packard's portfolio of securities had the following market values:

\begin{tabular}{cc}

\hline Security & Fair Market Value \\

\hline 1 & $\$ 12,000$ \\

2 & 8,750 \\

3 & 7,500 \\

4 & 12,500 \\

\hline

\end{tabular}

Prepare the journal entries required to record each of these transactions.