Falcon Wholesalers Purchased Equity Securities During 2019 and 2020, with No

Falcon Wholesalers purchased equity securities during 2019 and 2020, with no significant influence in any of the investments. It had not purchased equity securities prior to 2019, and has purchased no other equity securities besides the following:
Purchase Purchase Fair Value Fair Value Date Selling
$$\begin{array} { c c c c c c c } \text { Security } & \begin{array} { c } \text { Purchase } \\\text { Date }\end{array} & \begin{array} { c } \text { Purchase } \\\text { Price }\end{array} & \begin{array} { c } \text { Fair Value } \\\mathbf { 1 2 / 3 1 / 1 9 }\end{array} & \begin{array} { c } \text { Fair Value } \\\mathbf { 1 2 / 3 1 / 2 0 }\end{array} & \begin{array} { c } \text { Date } \\\text { Sold }\end{array} & \begin{array} { c } \text { Selling } \\\text { Price }\end{array} \\\hline 1 & 12 / 3 / 19 & \$ 20,000 & \$ 22,000 & \text { N/A } & 1 / 3 / 20 & \$ 21,000 \\2 & 12 / 10 / 19 & 24,000 & 18,000 & \text { N/A } & 1 / 7 / 20 & 20,000 \\3 & 12 / 4 / 20 & 16,000 & \text { N/A } & 19,000 & 1 / 9 / 21 & 19,000 \\4 & 12 / 13 / 20 & 33,000 & \text { N/A } & 37,000 & 1 / 8 / 21 & 42,000\end{array}$$
Prepare all necessary journal entries for 2019 and 2020 related to these securities.