On March 1,2011,Young Company Purchased the Following Stock as Long-Term

On March 1,2011,Young Company purchased the following stock as long-term investments in available-for-sale securities:
Old Corporation common stock (par $5),2,000 shares at $5 per share (10% of outstanding shares)
ABC Corporation common stock (par $10),3,000 shares at $25 per share (15% of outstanding shares)
XYZ Corporation common stock (par $10),3,000 shares at $20 per share (10% of outstanding shares)
The market prices per share at December 31,end of the accounting period,were as follows:
$$\begin{array} { l c c } \underline { \text { Stock } } & \underline { \text { Dec. } 31,2011 } & \underline { \text { Dec. 31, 2012 }} \\\text { Old common } & \$ 6 & \$ 7 \\\text { ABC common } & \$ 24 & \$ 25 \\\text { XYZ common } & \$ 21 & \$ 17\end{array}$$ Prepare the required journal entries at the following dates:
March 1,2011,December 31,2011 and December 31,2012