On June 30, 2014, MetroMedia Inc. purchased 10,000 of Miteks common shares for $ 20 per share.

Question:

On June 30, 2014, MetroMedia Inc. purchased 10,000 of Mitek’s common shares for $ 20 per share. Management purchased the shares for speculative purposes and designated them as investments at FVPTL. The following information pertains to Mitek’s price per share:
Date Price
31/ 12/ 2014 .......$ 24
31/ 12/ 2015 ....... 31
31/ 12/ 2016 ....... 25
MetroMedia sold its investment in Mitek’s shares on February 14, 2017, at a price of $ 22 per share. Prepare any journal entries that are required by the facts presented in this case.