On January 1, 2020, Windsor Inc. had the following balance sheet. WINDSOR INC. BALANCE SHEET AS OF JANUARY 1, 2020 Assets Equity Cash $54,300 Common stock $277,200 Debt investments (available-for-sale) 256,700 Accumulated other comprehensive income 33,800 Total $311,000 Total $311,000 The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value of Windsor Inc.'s available-for-sale debt securities at December 31, 2020, was $181,900; its cost was $128,800. No securities were purchased during the year. Windsor Inc's income statement for 2020 was as follows. (Ignore income taxes.) WINDSOR INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Dividend revenue $5,500 Gain on sale of investments 29,700 Net income $35,200 Your answer is correct. Prepare the journal entry to record the sale of the available-for-sale debt securities in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Cash Gain on Sale of Investments Debt Investments 123800 29700 94100 (b) Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Accumulated Other Comprehensive Loss Debit Credit eTextbook and Media