Johnson Inc.’s non-strategic investment portfolio at December 31, 2013, consisted of the following:
Johnson had no other debt and equity investments at December 31, 2013, other than those shown above. During 2014, Johnson engaged in the following transactions:
Required Journalize the above transactions. Analysis Component: Assume the Allen Corp. shares were sold on January 16, 2015, for $364,000. Calculate the gain or loss and explain whether it isunrealized.