Concord Ltd. has a single debt investment that it accounts for using FV-OCI recycled to net income. The carrying value of the debt investment on July 1 after the collection of interest and amortization of premium was $85,580. To date, $1,290 of unrealized losses in fair value adjustments have been recorded to other comprehensive income. On July 1, when the market value of the investment is $85,110, Gauthier sold the debt investment. Using the three-step approach, record the July 1 entries for the sale and reclassification (recycling) entry to net income. (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 0 for the amounts.) Account Titles and Explanation Debit Credit Unrealized Gain or Loss - OCI FV-OCI Investments (To adjust to fair value at date of disposal) Cash 85,110 FV-OCI Investments 85,110 (To record disposal) Loss on Disposal of Investments - FV-OCI Unrealized Gain or Loss - OCI (To reclassify holding loss)