only requirement 2 needed please

SHORT AS 26) On January 1, 2021, Hoosier Company purchased 5924,000 of 10% bonds at face) value. As a result of changing market conditions, the fair value of the bonds December 31, 2021, was $977,000 Required 1: Prepare the appropriate journal entry on December 31, 2021, to properly value the bonds assuming the bonds are classified as: (if no estry is required for a transaction/event, select "No journal entry required in the first account feld.) 1. Trading securities 2. Securities available-for-sale. 3. Held-to-maturity securities. No General Journal DEME Credit Tree record the Sale record it went down Required 2: Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Hoosier Company to sell the investment on January 2, 2022, for $970,000. Prepare the journal entry to record the sale assuring the bonds are classified as: 1. Trading securities 2. Securities available-for-sale. 970,000 Discant Loss on inu