he following accounts were among those reported on Good Corp.’s balance sheet at December 31, year 1:

On January 20, year 2, Good exchanged all of the available-for-sale securities for 5,000 shares of

Good’s preferred stock. Market values at the date of the exchange were $150,000 for the available-for-sale securities and $30 per share for the preferred stock. The 5,000 shares of preferred stock were retired immediately after the exchange. Prepare the general journal entry, without explanation, to record this event.