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 Gain (Loss) Short term Blair, Inc. ANC Corporation $ 514,000 388,000 467,000 514,000 $ 981,000 902,000 (126,000) 47,000 Totals $ (79,000) Long term: Drake Corporation514,000 577,000 703,000 771000 $ 63,000 (26,000) $ 37,000 Aaron Industries Totals $1,217,000 $1,254, 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.) View transaction list Journal entry worksheet Record the adjusting entry for December 31, 2018 Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal 2. What amounts would be reported in the income statement at December 31, 2018, as a result of these adjusting entries? Amount