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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

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. $ 506,000 $ 392,000 $ (114,000 )
ANC Corporation 463,000 506,000 43,000
Totals $ 969,000 $ 898,000 $ (71,000 )
Long term:
Drake Corporation $ 506,000 $ 573,000 $ 67,000
Aaron Industries 707,000 673,000 (34,000 )
Totals $ 1,213,000 $ 1,246,000 $ 33,000

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.)

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