On January 31,2010,McBurger Corporation Purchased the Following Shares of Voting

On January 31,2010,McBurger Corporation purchased the following shares of voting common stock as long-term investments in available-for-sale securities.None of these holdings amounted to more than 5% of the respective company's outstanding voting shares.The accounting period ends December 31. $$\begin{array} { l c c c } & &\underline { \text {Market} }& \underline { \text {Market} }\\\quad \underline { \text { Stock } } & \underline { \text { Cost } } & \underline { \text { Dec. } 31,2010 } & \underline { \text { Mec. } 31,2011 } \\\text { Orange Corporation } & \$ 15,000 & \$ 12,000 & \$ 14,000 \\\text { Bailey Corporation } & \$ 13,000 & \$ 12,000 & \$ 13,000\end{array}$$ All of the Bailey Corporation stock was sold for $13,500 on January 12,2012.Prepare the required journal entries at the following dates:
January 31,2010,December 31,2010,December 31,2011 and January 12,2012.