Hewlett Packard has the following transactions related to its long term investments in Trading debt securities: 1.) On May 15, 2021 paid $30,000 cash to purchase long-term debt securities with a $30,000 par value and stated interest rate of 8%. 2.) On December 31, the fair market value of the trading securities is $35,000. Record the entry for the fair value adjustment, if necessary. 3.) This security is then sold on January 23, 2022 for $36,000 cash. Date GENERAL JOURNAL Account Titles and Explanation Debit Credit