At December 31, Evenflo held Eastjet Corp bonds with a cost of $150,000 and a fair value of $147,380.

As well, they held 1,200 Anvil common shares with a cost of $40,000 and a fair value of $42,225.

Both of these investments were classified as short-term investments.

Required

1. Calculate the unrealized gain or loss related to these investments at the end of the year

2. Prepare the journal entry to record the adjustment required to reflect the fair value of the investments at December 31