Accounting for securities available for sale. Events related to Elston Corporation's investments of temporarily excess cash appear below. The firm classifies these investments as securities available for sale and does not adopt the fair value option.

Elston received no dividends on Security A. It received dividends from Security 11 of S 1000 on December 31, 2008, and $1,200 on December 31, 2009 Prepare dated journal entries for the following events related to these investments, assuming that the accounting period is the calendar year.
a. Acquisition of securities
b. Receipt of dividends
c. Revaluation on December 31
d. Sale ofsecurities

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Fair Value on December 31 2008 2009 Acquisition Date Acquired 10/15/2008 11/2/2008 Selling Date Sold 2/10/2009 7/15/2010 Price Security Cost .... .. $28,000 $25,000 $24,000 B. $49,000 $55,000 $53,000 $57,000