Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. fair values for its portfolio of these debt securities follows. The year-end adjusting entry to record the unrealized gain/ 20X1 is: Available-for-Sale Securities Cost Fair Value December 31, 20x1 $260,000 $249,000 December 31, 20X2 $348,000 $360,500 Motor City, Inc. purchased 46,000 shares of Shaw common stock for $244,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a: Multiple Choice Debit to Long-Term Investments-HTM for $244,000 Debit to Short Term Investment AFS for $244.000 Credit to Equity Method Investment for $244.000 P 49 On February 15, Jewel Company buys 7100 shares of Marcelo Corp. at $28.54 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $116 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp, stock on November 17 of the current year for $29.32 per share. The fair value of the remaining shares is $29.52 per share. The impact on Jewel's net income as a result of its investment in Marcelo Corp, was an): Multiple Choice Increase to income of $11,005, Increase to income of 58.236 Increase income of $14,484