Loreal-American Corporation purchased several marketable securities during 2016. At December 31, 2016, the company had the investments in common stock listed below. None was held at the last reporting date, December 31, 2015, and all are considered securities available-for-sale.

	Cost	Fair Value	Unrealized Holding Gain (Loss)
Short term:
?Blair, Inc.	$ 480,000	$ 405,000	$(75,000)
?ANC Corporation	450,000	480,000	30,000
Totals	$ 930,000	$ 885,000	$(45,000)
Long term:
?Drake Corporation	$ 480,000	$ 560,000	$ 80,000
?Aaron Industries	720,000	660,000	(60,000)
Totals	$1,200,000	$1,220,000	$ 20,000

Required:

Prepare the appropriate adjusting entry at December 31, 2016.

What amounts would be reported in the income statement at December 31, 2016, as a result of the adjusting entry?