Sabran Corporation, a calendar year-end firm, invested in three debt securities on December 15, 2020, and classified them as trading securities. Sabran sold all three securities on January 1, 2021. The following table provides the purchase price, fair values, annual interest amounts, and selling prices for all three securities. All securities were acquired at face value and pay interest annually each December 31.

Sabran had not purchased any other trading securities before January 1, 2020, and it did not make any additional investments subsequent to the sale on January 1, 2021. What journal entries are required to properly record these events?

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Security A B C Total Purchase Price $50,000 25,000 10,000 $85,000 Fair Value at December 31, 2020 $45,000 32,000 9,000 $86,000 Annual Interest Amount $350 125 175 $650 Selling Price $46,000 34,000 8,000 $88,000