9) Element Company had the following long-term available-for-sale securities in its portflio at December 31 for each of the years listed. The year-end cost and fair values for its portfolio follow. Beginning with Year 1, prepare the appropriate journal entry to record each year-end market adjustment for these securities. Available-for-Sale Securities Year Year 2 Year 3 Cost $404,500 406,400 454,800 Fair Value $389,900 412,600 472,000