Question: Please Journalize all the entries required for this problem and then answer the question below. On December 1, 2007, a company purchased securities totaling $6,200.

Please Journalize all the entries required for this problem and then answer the question below.

On December 1, 2007, a company purchased securities totaling $6,200.

On December 31, 2007, the FMV of the securities was $5,300.

On December 31, 2008, the FMV was $6,000.

On December 31, 2009, the FMV was $3,200.

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