I cannot figure out what the unrealized holding loss at 12/31/2019 is. I'm calculating (5,122,374) by taking the book value at 12/31/19 less the fair value at 12/31/19 less the fair value adjustment at 12/31/18. I don't understand what I'm missing. Also, an explanation as to why this is an unrealized holding loss to OCI and NI would be appreciated as well. Thanks for the help...

722,978,151 - 716,000,000 - 12,100,525 = (5,122,374) - incorrect input

+/- 6,000,000 incorrect input

Federal Semiconductors Issued 11% bonds, dated January 1, with a face amount of $780 million on January 1, 2018. The bonds sold for $721,319,442 and mature on December 31, 2037 (20 years). For bonds of slmllar risk and maturity the market yeld was 12%. Interest is pald semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at thelr falr value. On December 31, 2018, the falr value of the bonds was $710 million as determined by thelr market value In the over-the-counter market Assume the falr value of the bonds on December 31, 2019 had risen to $716 million. Required: Complete the below table to record the following Journal entrles. 1. & 2. Prepare the Journal entry to adjust the bonds to thelr falr value for presentation In the December 31, 2018, balance sheet, and adjust the bonds to thelr falr value for presentation In the December 31, 2019, balance sheet. Federal determined that one-half of the Increase In falr value was due to a decline In general Interest rates. Answer is not complete Complete this question by entering your answers in the tabs below General ournal Calculation Complete the below table to record the following journal entries. (Negative amount should be indicated by a minus sign. Round final answers to the nearest whole dollars.) ash Interest ai Bond Interest Expense Unrealized Holding Gain loss emiannua Increase in Balance arrying Value Interest Fair Value Period-End 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 721,319,442 |721.698.609 |$42.900.000$43,279. 167$ 42,900,000 42,900,000 42,900,000 43,301.917 43.326.032| 43,351,593 379.167 401,917 722,100,5267 426,032 722,526,558 451,593 710,000,000 12,100,525 722.978,151 716,000,000 Net Bonds Payable Fair Value Adjustment Liabilit 01/01/2018 06/30/2018 12/31/2018 721.319.442 01/01/2018 379,167 06/30/2018 401.917 |12/31/2018 $12,100,525 12,100,525 722,100,526 $ 710,000,001 06/30/2019 426,032 06/30/2019 12/31/2019 451,593 12/31/2019 (17,222,899)