On January 1, 2024, Brian Company purchased at par $800,000,6 percent bonds issued by Laura Company to be actively traded. At December 31,2024 , the bonds had a fair value of $767,500. The bond investment was sold on July 1,2025 , for $811,500. Brian Company's fiscal year ends on December 31. Record (1) the adjustment of the bond investment on December 31, 2024, and (2) the sale of the bonds on July 1,2025 . Ignore interest. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the change in the fair value of the investments on December 31, 2024. Note: Enter debits before credits. Journal entry worksheet Record the change in the fair value of the investments on July 01, 2025. Note: Enter debits before credits. Journal entry worksheet Reclassify any gain or loss on the sale of the investments on July 01, 2025. Note: Enter debits before credits. Journal entry worksheet Record the cash received from sale of investments on July 01, 2025. Note: Enter debits before credits