On March $10,2023,$ Dearden, Incorporated, purchased $15,000$ shares $(2$ percent$)$ of Jaffa stock for $$35$ per share. Management intends to hold the securities long term. Dearden$$s year ends on December $31.$ The following information pertains to the price per share of Jaffa stock:

Stock Price

$12/31/2023$ $ $33$

$12/31/202436$

$12/31/202532$

Dearden sold all of the Jaffa stock on September $12,2026,$ at a price of $$30$ per share.

Prepare any journal entries that are required by the facts presented in this case.