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please answer using the taples S&L Firiancial buys and sells securities expecting to earn profits on short-term differences in price. Assume that on December 27.

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S\&L Firiancial buys and sells securities expecting to earn profits on short-term differences in price. Assume that on December 27. 2024, S\&L purchased Coca-Cola bonds at par for $888,000 and sold the bonds on January 3, 2025, for $895,000. At December 31 , the bonds had a fair value of $883,000 Prepare journal entries to record (a) any unrealized gains or losses occurring in 2024 and (b) the sale of the bonds in 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field. Journal entry worksheet Record the unrealized gains or losses occurring at year end. Note: Enter debits before credits. Journal entry worksheet Record the unrealized gains or losses occurring on the date of sale. Note: Enter debits before credits. Journal entry worksheet Record the sale of the Coca-Cola bonds in 2025. Note: Enter debits before credits

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