Loreal-American Corporation purchased several marketable securities during 2018. At December 31, 2018, the company had the investments in bonds listed below. None was held at the last reporting date, December 31, 2017 and all are considered securities available-for-sale. Unrealized Holding Cost Fair Value 480,000 450,000 930,000 $405,000 480,000 885,000 $(75,000) 30,000 $(45,000) $ Short term: Blair, Inc. ANC Corporation Totale Long term Drake Corporation Aaron Industries Totale $ 480,000 720.000 $1,200,000 $60,000 660,000 $1,220,000 $ 80,000 (60,000) $ 20,000 Required: 1. Prepare appropriate adjusting entries at December 31, 2018. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.)