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. Cost Fair Value Unrealized Holding Gain (Loss) Short term: Blair, Inc. $ 508,000 $ 391,000 $ (117,000 ) ANC Corporation 464,000 508,000 44,000 Totals $ 972,000 $ 899,000 $ (73,000 ) Long term: Drake Corporation $ 508,000 $ 574,000 $ 66,000 Aaron Industries 706,000 674,000 (32,000 ) Totals $ 1,214,000 $ 1,248,000 $ 34,000 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.)