Microsoft's 2015 10-K includes the following information in Note 20-Accumulated Other Comprehensive Income relevant to its available-for-sale investments:

Required:
1. Prepare a journal entry to record unrealized gains for 2015. (Hint: $110 is net tax effects, so you will need to add back tax effects to show the amount of unrealized gain gross taxes.)
2. Prepare a journal entry to record Microsoft's reclassification adjustment for 2015.

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Year Ended June 30, ($ in millions) Investments Accumulated other comprehensive income balance 2015 2014 2013 $1,431 $3,531 110 (728) $1,794 2,053 (447) beginning of period Unrealized gains, net of tax effects of $59, $1,067 and $244 Reclassification adjustments for gains included in 453 (139) 49 other income (expense), net Tax expense included in provision for income taxes Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) Accumulated other comprehensive income balance end of period 256 131 (472) (362) (316) 1.737 (90) 363 $3,169 $3,531 $1,794