On August 31, 2010, a company purchased 10,000 shares of stock for $30 per share. Management recorded the stock in the securities available for the sale portfolio. The following information pertains to the price per share of stock:
|
Price
|
12/31/2010
|
$35
|
12/31/2011
|
$34
|
12/31/2012
|
$37
|
Prepare journal entries for the investments in SAS and the Net Unrealized Gains/Losses for each date given. Then compute the balance in the Net Unrealized Gains/Losses.