Using the following categories, indicate the effects of the transactions listed in MA-3, assuming the securities are available-for-sale. Use + for increase and − for decrease and indicate the amounts.

Data from in MA-3

On January 1, 2024, Brian Company purchased at par $800,000, 6 percent bonds issued by Laura Company to be held as available-for-sale securities. At December 31, 2024, the bonds had a fair value of $775,000. The bond investment was sold on July 1, 2025, for $802,000. Brian Company’s fiscal year ends on December 31. Record (1) the adjustment of the bond investment on December 31, 2024, and (2) the sale of the bonds on July 1, 2025. Ignore interest.

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Transaction Date Balance Sheet Assets Liabilities Stockholders Equity Income Statement Revenues/ Expenses/ Gains Losses Net Income