On March 17, 2020, Dumbledore Corporation purchased 500 bonds of Snape Company as a long-term investment at $570 per bond. The market value of the Snape bonds is $620 on December 31, 2020 and is $627 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? Reporting olegory for me investment Reporting Calooney Journal Entries >