Oregon Co. had purchased 200 shares of Washington Co. for

Oregon Co. had purchased 200 shares of Washington Co. for $40 each this year and classified the investment as a trading security. Oregon Co. sold 100 shares of the stock for $45 each. At year end the price per share of the Washington Co. stock had dropped to $35.
Instructions
Prepare the journal entries for these transactions and any year-end adjustments.