Using the information presented in BE9-12, assume instead that Hayes follows a policy of accounting for its investment in Kenyon shares at FV-OCI without recycling. Prepare all entries associated with the disposal of the investment on April 13, 2015
In exercise
Early in its 2014 fiscal year (December 31 year end), Hayes Company purchased 10,000 shares of Kenyon Corporation common shares for $26.18 per share, plus $1,800 in brokerage commissions. These securities were accounted for at FV-OCI (with recycling) and transaction costs are capitalized. In September, Kenyon declared and paid a dividend of $1.02 per share, and on December 31, 2014, the fair value of these shares was $271,500. On April 13, 2015, Hayes sold all the Kenyon shares at a price of $28.10 each, incurring $1,925 in brokerage commissions on the sale. Prepare the entries to record

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