Buffalo Company has a stock portfolio valued at $4,800. Its cost was $4,190. If the Fair Value Adjustment account has a debit balance of $110, prepare the journal entry at year-end. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Fair Value Adjustment Unrealized Holding Gain or Loss-Income Debit Credit On January 1, 2025, Sandhill Company purchased 5% bonds, having a maturity value of $610,000 for $523,304. The bonds provide the bondholders with a 7% yield. They are dated January 1. 2025, and mature January 1, 2035, with interest receivable June 30 and December 31 of each year. Sandhill Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year-end is as follows. 2025 $524,000 2028 $544,000 2026 519,000 2029 564,000 2027 514,000 (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest received and recognition of fair value for 2025. (c) Prepare the journal entry to record the recognition of fair value for 2026. (Round answers to O decimal places, eg. 2,525. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) (To record interest received) c. 31, 2025 Unrealized Holding Gain or Loss-Equity 5543 31,2026 Fair Value Adjustment (To record fair value adjustment) Unrealized Holding Gain or Loss-Equity Fair Value Adjustment 17225 5543 17226