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Loteal Amencan Corporation purchased several marketable securities during 2024. At December 31. 2024, the company had the investments in bonds listed below. None was held

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Loteal Amencan Corporation purchased several marketable securities during 2024. At December 31. 2024, the company had the investments in bonds listed below. None was held at the last reporting date, December 31,2023 , and all are conisidered securities avallable for-sale. Required: 1. Prepare appropriate adjusting entry at December 31,2024 2. What omount would be reported in the income statement at December 31.2024 , as a result of the adjusting entry? Complete this question by entering your answers in the tabs below. Prepare appropriate adjusting entry at December 31, 2024. Note: If no entry is required for a transadtion/event, select 'No journal entry required" in the first account field

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