Loreal-American Corporation purchased several marketable securities during 2021. At December 31, 2021, the company had the investments in bonds listed below. None was held at the last reporting date, December 31, 2020, and all are considered securities available-for-sale. Short term: Blair, Inc. ANC Corporation Totals Long termi Drake Corporation Aaron Industries Totals Cost Fair Value $ 494,000 $ 398,000 457,000 494,000 $ 951,000 $ 892,000 667,000 $494,000 $ 567,000 713,000 $1,207,000 $1,234,000 Unrealized Holding Gain (Loss) $(96,000) 37,000 $(59,000) $ 73,000 (46,000) $ 27,000 Required: 1. Prepare appropriate adjusting entries at December 31, 2021. 2. What amount would be reported in the income statement at December 31, 2021, as a result of the adjusting entry?