On February 18, 2021, Union Corporation purchased 2,400 IBM bonds as a long-term investment at their face value for a total of $2,400,000. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2021, and December 31, 2022, the market value of the bonds was $2,340,000 and $2,430,000, respectively. Required: 2. & 3. Prepare the adjusting entry for December 31, 2021 and 2022. (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. Date General Journal Debit Credit December 31, 2021 View transaction list Journal entry worksheet Record the adjusting entry for December 31, 2022. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2022 Record entry Clear entry View general journal