Loreal$-$American Corporation purchased several marketable securities during $2024.$ At December $31,2024,$ the company had the investments in bonds listed below. None was held at the last reporting date, December $31,2023,$ and all are considered securities available$-$for$-$sale.

Cost Fair Value Unrealized Holding Gain $($Loss$)$

Short term:

Blair, Incorporated $ $480,000$ $ $405,000$ $ $(75,000)$

ANC Corporation $450,000480,00030,000$

Totals $ $930,000$ $ $885,000$ $ $(45,000)$

Long term:

Drake Corporation $ $480,000$ $ $560,000$ $ $80,000$

Aaron Industries $720,000660,000(60,000)$

Totals $ $1,200,000$ $ $1,220,000$ $ $20,000$

Required:

Prepare appropriate adjusting entry at December $31,2024.$

What amount would be reported in the income statement at December $31,2024,$ as a result of the adjusting entry?