How do you do this?

Loreal-American Corporation purchased several marketable securities during 2021. At December 31, 2021, the company had the investments in bonds listed below. None was held at the last reporting date, December 31, 2020, and all are considered securities available-for-sale. Unrealized Holding Gain (Loss) Fair Value S Cost Short term: Blair, Inc. s 506,000 ANC Corporation 463,000 Totals 969,000 Long term: Drake Corporation $ 506,000 Aaron Industries 707,000 Totals $1,213,000 392,000 506,000 898,000 $(114,000) 43,000 S (71,000) $ S 573,000 673,000 $1,246,000 $ 67,000 (34,000) $ 33,000 Required: 1. Prepare appropriate adjusting entries at December 31, 2021. 2. What amount would be reported in the income statement at December 31, 2021, as a result of the adjusting entry