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Problem 5-Available-for-Sale Securities at Fair Value On January 1, 20Y9, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 20Y9, the

Problem 5-Available-for-Sale Securities at Fair Value On January 1, 20Y9, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 20Y9, the cost of the available-for-sale securities was $34,000, and the fair value was $38,900. Journalize the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31, 20Y9.

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