On August 16,2017,Blenim Corp.purchases 6,000 shares of common stock in Mountain Inc.at a market price of $17 per share.In addition,Blenim pays brokerage fees of $2,000.On October 21,2017,Blenim sells the Mountain stock for $12 per share.
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Required
Analyze the adjustments needed on Blenim's books in connection with the investment beginning with the purchase of the common stock on August 16,2017,and the sale on October 21,2017.

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The Answer of On August 16,2017,Blenim Corp.purchases 6,000 shares of common stock in Mountain Inc.at a market price of $17 per share.In addition,Blenim pays brokerage fees of $2,000.On October 21,2017,Blenim sells the Mountain stock for $12 per share.
?
Required
Analyze the adjustments needed on Blenim's books in connection with the investment beginning with the purchase of the common stock on August 16,2017,and the sale on October 21,2017.