On the first day of the year, Cornfield Seed Company purchased $912,000 of 10% bonds at face value. The bond market value was $971,000 at year end, December 31, 2022. Required: Prepare the appropriate journal entry on December 31, 2022, 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.)

Trading securities.

Securities available-for-sale.

Held-to-maturity securities.