Jones Inc. 6% bonds, purchased at face value, with an amortized cost of $3,950,000, and classified as an available-for-sale investment. Because of unrealized losses prior to 2021, the Jones bonds have a fair value adjustment account with a credit balance of $550,000, such that the carrying value of the Jones Investment is $3,400,000 prior to making any adjusting entries In 2021. At December 31, 2021, the Jones Investment had a fair value of $2,850,000, and Stewart calculated that $300,000 of the difference between amortized cost and fair value is a credit loss and $800,000 is a noncredit loss. At December 31, 2022, the Jones Investment had a fair value of $3,175,000, and Stewart calculated that $200,000 of the difference between amortized cost and fair value is a credit loss and $575,000 is a noncredit loss. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less Credit No 1 Date General Journal December 31, 202 Credit loss expense (NI) Allowance for credit losses Debit 300,000 300,000 2 800,000 December 31, 202 Loss on investments (unrealized, OCI) Fair value adjustment 800,000 X 3 550,000 December 31, 202 Allowance for credit losses Credit loss expense (NI) - 50,000 550,000 X 4 325,000 December 31, 202 Fair value adjustment Gain on investments (unrealized, OCI) 325,000 X Required 2 Required 3 >