Grouper Co. had purchased 190 shares of Washington Co. for $41 each this year (Oregon Co. does not have significant influence). Grouper Co. sold 95 shares of Washington Co. stock for $46 each. At year-end, the price per share of the Washington Co. stock had dropped to $36.
Prepare the journal entries for these transactions and any year-end adjustments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)