On April 30, 2016, Aggie Corporation purchased available-for-sale securities. These securities consisted of (a) Smith Corporation 10%, 5-year bonds with a face value of $12,000 which were purchased at par plus four months of accrued interest and (b) 300 shares of Bike Company common stock which were purchased at $20 per share. Assume that on December 31, 2016, the investment in Smith Corporation bonds has a market value of $12,300 and the investment in Bike Company stock has a market value of $5,500.

Required:

Prepare the year-end journal entry to record the unrealized gain or loss.