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. Unrealized Holding Gain (Loss) Short term: Blair, Inc. $ 492,000 $ 399,000 $ (93,000 ) ANC Corporation 456,000 492,000 36,000 Totals $ 948,000 $ 891,000 $ (57,000 ) Long term: Drake Corporation $ 492,000 $ 566,000 $ 74,000 Aaron Industries 714,000 666,000 (48,000 ) Totals $ 1,206,000 $ 1,232,000 $ 26,000 Prepare the appropriate adjusting entry at December 31, 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) What amounts would be reported in the income statement at December 31, 2016, as a result of the adjusting entry?