In May 2025 S\&P updated the rating of these bonds and Romaguera sold them for $180,000. Prepare the following three journal entries related to the sale of these bonds. (1) Prepare the journal entry to record the update in the fair value. [3 points] No Journal Entry Required (2) Prepare the journal entry to record the reclassification adjustment. [3 points] (3) Prepare the journal entry to record the sale of these bonds. [ 3 points] No Journal Entry Required Romaguera Incorporated purchased Ankunding Company bonds in January 2024 and it classified it as an available-for-sale investment. The bonds were purchased at their face value of $190,000. At the end of 2024 , the fair value of the bonds was $175,000. At what amount will the investment be reported in Romaguera's December 31, 2024, balance sheet? [2 points] \$