Brief Exercise 12-3 (Algo) Trading securities [LO12-3] S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L. purchased Coca-Cola bonds at par for $881,000 and sold the bonds on January 3, 2022 for $887,500. At December 31, the bonds had a fair value of $876,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2021 and (b) the sale of the bonds in 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 0157.30 View transaction list Book Journal entry worksheet 1 2 3 Record the unrealized gains or losses occurring at year end Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Journal entry worksheet