Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is:

Available-for-Sale Securities	Cost			Fair Value
December 31, 20X1	$	250,000		$	241,000
December 31, 20X2	$	340,000		$	350,000

Multiple Choice

• A. Debit Unrealized Gain Equity $9,000; Credit Fair Value Adjustment Available-for-Sale (LT) $9,000.

• B. Debit Unrealized Loss Equity $9,000; Credit Fair Value Adjustment Available-for-Sale (LT) $9,000.

• C. Debit Realized Loss Income $9,000; Credit Fair Value Adjustment Available-for-Sale (ST) $9,000.

• D. Debit Fair Value Adjustment Available-for-Sale (LT) $9,000; Credit Unrealized Loss Equity $9,000.

• E. Debit Fair Value Adjustment Available-for-Sale (LT) $9,000; Credit Unrealized Gain Equity $9,000.