Cold Cat Inc., a snowmobile manufacturer, reported the following in its 20X5 annual report to shareholders: NOTE B-SHORT-TERM INVESTMENTS Short-term investments consist primarily of a diversified portfolio of municipal and corporate bonds and are classified as follows at March 31: Trading securities Available-for-sale debt securities. 20X5 $64,433,000 3,196,000 $67,629,000 20X4 $55,282,000 7,113,000 $62,395,000 Trading securities consist of $54,608,000 and $41,707,000 invested in various corporate bonds at March 31, 20X5 and March 31, 20X4, respectively, while the remainder of trading securities and available-for-sale securities consist primarily of A-rated or higher municipal bond investments. The amortized cost and fair value of debt securities classified as available-for-sale was $3,105,000 and $3,196,000, at March 31, 20X5. The unrealized holding gain on available-for-sale debt securities is reported, net of tax, as a separate component of shareholders' equity. Cold Cat Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY Years Ended March 31 Accumulated Other Comprehensive Income changed by the following amounts: 204: Loss on investments, net of tax (unrealized) 20X5: $(154,000) Loss on investments, net of tax (unrealized) (140,000) Cash flows from investing activities: Sale and maturity of available-for-sale securities 20X5 20X4 $3,703,000 $1,729,000 In its 20X4 annual report, Cold Cat disclosed, "The contractual maturities of available-for-sale debt securities at March 31, 20X4, are $3,573,000 within one year and $3,340,000 from one year through five years." Required: Assume Cold Cat did not purchase any trading securities during 20X5. Prepare a journal entry to record any unrealized holding gains or losses on trading securities during 20X5. View transaction list View journal entry worksheet No Transaction General Journal 1 1 Fair value adjustment Gain on investments (unrealized, NI) Debit Credit