Chepher 12 InvestmentsxConnet Solved: Securities availab AC 313 Summer X ation.com/low onnect.html GM Annual Balance Homework 6 Help Save Loreal-American Corporation purchased several marketable securities during 2018. At December 31, 2018, the company had the investments in bonds listed below. None was held at the last reporting date, December 31, 2017, and all are considered securities available-for-sale. Unrealized Hold ng Cost Fair Valu Gain (Loss) Blair, Inc. ANC Corporation 492,000 % 399,000 5 948,00e 891,000 492,8e s 566,000 $1,286,888 $1, 232.800 (93,000) 456,000 (57,ee0) Long ters Drake Corporation aron Industries 74,000 14.888 Totals $ 26,800 Required: 1. Prepare appropriate aasting entries at December 31 2018, 0, no entry is required for a transactionevent, selectNo journal entry required" in the first account field.) Journal entry worksheet Record the adjusting entry for December 31, 2018. debits before re to search O N do PrtScn End 5