January 1, 2021, YBZ Airlines purchased common shares of Bombardier Inc. for $ 220,000 to hold as a short term trading investment. On December 31, 2021, this investment now has a market value of $ 235,000.
On June 1, 2022 YBZ Airlines sells their Bombardier shares for $ 225,000. Prepare the required entries for YBZ Airlines.
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