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. Cost Fair Value $ 516,000 468,000 $ 984,000 $ 387,000 516,000 $ 903,000 Short term: Blair, Inc. ANC Corporation Totals Long term: Drake Corporation Aaron Industries Totals Unrealized Holding Gain (Loss) $(129,000) 48,000 $ (81,000) $ 516,000 $ 578,000 702,000 678,000 $1,218,000 $1,256,000 $ 62,000 (24,000) $ 38,000 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? 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 Record the adjusting entry for December 31, 2021. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal Required 1 Required 2 What amount would be reported in the income statement at December 31, 2021, as a result of the adjusting entry? Amount