On March 10, 2015, Global Solutions, Inc., purchased 5,000 shares of Superior Technologies stock for $ 50

Question:

On March 10, 2015, 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/ 2015............$ 45
12/ 31/ 2016...............42
Required:
Assume that management considers the stock to be available- for- sale securities. Prepare the journal entries required on each date given.