On February 18, 2024, Union Corporation purchased 896 IBM bonds as a long-term investment at their face value for a total of $896,000. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2024, and December 31, 2025, the market value of the bonds was $868,000 and $910,000, respectively. Required: 2. & 3. Prepare the adjusting entry for December 31, 2024 and 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field