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 Cost Fair Value $ 492,000 $ 399,000 456,000 492,000 $ 948,000 $ 891,000 Long term: Drake Corporation $ 492,000 $ 566,000 Aaron Industries Totals 714,000 $1,206,000 666,000 $1,232,000 Unrealized Holding Gain (Loss) $(93,000) 36,000 $(57,000) $ 74,000 (48,000) $ 26,000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate adjusting entry at December 31, 2021. (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 1 Record the adjusting entry for December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Loss on investments (unrealized, OCI) 57,000 Record entry Clear entry View general journal