Assume that for several years Fister Links Products has held Microsoft bonds, considered by the company to be securities availablefor$-$sale. The bonds were acquired at a cost of $$520,000.$ At the end of $2024,$ their fair value was $$634,000$ and their amortized cost was $$530,000.$ At the end of $2025,$ their fair value was $$625,000$ and their amortized cost was $$540,000.$

At what amount will the investment be reported in the December $31,2025,$ balance sheet? What adjusting entry is required to accomplish this objective $($ignore interest$)?$

Complete this question by entering your answers in the tabs below.

Balance Sheet

General

Journal