Cullumber Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Cullumber, whose fiscal year ends on December 31. 2022 Jan. 1 Dec. 31 Purchased at face value $1,089,000 of Javier Nursing Centers, Inc., 10-year, 5% bonds dated January 1, 2022, directly from Javier. Accrual of interest at year-end on the Javier bonds. Assume that all intervening transactions and adjustments have been properly recorded and the number of bonds owned has not changed from December 31, 2022, to December 31, 2024. 2025 Jan. 1 Received the annual interest on the Javier bonds. Jan. 1 Sold $544,500 Javier bonds at 107. Dec. 31 Accrual of interest at year-end on the Javier bonds. Date Account Titles and Explanation Debit ,2022 Debt Investments Cash 31, 2022 Interest Receivable Interest Revenue ,2025 Cash Interest Receivable (To record the receipt of annual interest on Javier bonds) , 2025 Cash 31, 2025 Debt Investments Gain on Sale of Debt Investments (To record the sale of Javier bonds) Interest Receivable Interest Revenue 1,089,000 54,450 54,450 582,615 27,225 Credit 1,089,000 54,450 54,450 544,500 38,115 27,225 Your answer is partially correct. Assume that the fair value of the bonds at December 31, 2022, was $1,197,900. These bonds are classified as available-for- sale securities. Prepare the adjusting entry to record these bonds at fair value. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation ec. 31, 2022 Fair Value Adjustment-Available-for-Sale Unrealized Gain or Loss-Equity Debit 54450 Credit 54450