On January 1, 2021, Yellow Bus Company purchased $918,000 of 10% bonds at face value. On December 31, 2021, the bond market value was $974,000.

Required: Prepare the appropriate journal entry on December 31, 2021, to properly value the bonds assuming the bonds are classified as: (

If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1)Trading securities.

2)Securities available-for-sale.

3)Held-to-maturity securities.