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Required $1$

Required $2$

Prepare appropriate adjusting entry at December $31,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.Loreal$-$American Corporation purchased several marketable securities during $2024.$ At December $31,2024,$ the company had the

investments in bonds listed below. None was held at the last reporting date, December $31,2023,$ and all are considered securities

available$-$for$-$sale.

Required:

Prepare appropriate adjusting entry at December $31,2024.$

What amount would be reported in the income statement at December $31,2024,$ as a result of the adjusting entry?

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What amount would be reported in the income statement at December $31,2024,$ as a result of the adjusting entry?

Note: Leave no cells blank $-$ be certain to enter $0"$ wherever required.

$$,0$