On March 17, 2020, Dumbledore Corporation purchased 500 bonds of Snape Company as a long-term investment at $410 per bond. The market value of the Snape bonds is $428 on December 31, 2020 and is $451 on December 31, 2021. 1. What is the appropriate reporting category for this investment? 2. Prepare the adjusting entry on December 31, 2020. 3. Prepare the adjusting entry on December 31, 2021. Complete this question by entering your answers in the tabs below. Reporting Category Journal Entries What is the appropriate reporting category for this investment? Raporting category to the westment Le Journal Entries > Reporting Category Journal Entries Prepare the December 31, 2020 and December 31, 2021 adjusting entries for the investment. View transaction list Journal entry worksheet