MarinCompany has the following securities in its investment portfolio on December 31, 2017 (all securities were purchased in 2017): (1)3,200shares of Anderson Co. common stock which cost $57,600, (2)10,300shares of Munter Ltd. common stock which cost $587,100, and (3)6,400shares of King Company preferred stock which cost $262,400. The Fair Value Adjustment account shows a credit of $10,800at the end of 2017.

In 2018, Marin completed the following securities transactions.

1.

On January 15, sold3,200shares of Anderson's common stock at $22per share less fees of $2,010.2.

On April 17, purchased900shares of Castle's common stock at $34per share plus fees of $1,880.

On December 31, 2018, the market prices per share of these securities were Munter $60, King $40, and Castle $24. In addition, the accounting supervisor of Marin told you that, even though all these securities have readily determinable fair values, Marin will not actively trade these securities because the top management intends to hold them for more than one year.

show the journal entry to record the security purchase on April 17, 2018.

Compute the unrealized gains or losses.

Unrealized

$

Show the adjusting entry for Marin on December 31, 2018.