Brief Exercise 12-3 (Static) 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 $875,000 and sold the bonds on January 3, 2022. for $880,000 At December 31, the bonds had a fair value of $873.000. 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.)