Refer to the data in ED-5. On March 10, 2012, Global Solutions, Inc., purchased 5,000 shares of

Question:

Refer to the data in ED-5.
On March 10, 2012, Global Solutions, Inc., purchased 5,000 shares of Superior Technologies stock for $50 per share. The following information pertains to the fair value of Superior Technologies stock:
Per Share
12/31/2012 .................... $45
12/31/2013 ..................... 42
Required:
Assume that management considers the stock to be available-for-sale securities. Prepare the journal entries required on each date given?