arpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is:

Available-for-Sale Securities	Cost			Fair Value
December 31, 20X1	$	335,000		$	327,000
December 31, 20X2	$	408,000		$	418,000

Multiple Choice

• Debit Realized Loss Income $8,000; Credit Fair Value Adjustment Available-for-Sale (ST) $8,000.

• Debit Unrealized Gain Equity $8,000; Credit Fair Value Adjustment Available-for-Sale (LT) $8,000.

• Debit Fair Value Adjustment Available-for-Sale (LT) $8,000; Credit Unrealized Loss Equity $8,000.

• Debit Fair Value Adjustment Available-for-Sale (LT) $8,000; Credit Unrealized Gain Equity $8,000.

• Debit Unrealized Loss Equity $8,000; Credit Fair Value Adjustment Available-for-Sale (LT) $8,000.