Question 2 (2 points) On January 1, 2018, Burkett Corporation purchased, as a long-term investment, a $25,000, 5% bond, for $21,595. At this time, the market rate of interest was approximately 7%. The bond pays interest on January 1 and July 1. On December 31, 2018, the fair value of the bonds was $23,950. What is the entry (if any) to record the fair value adjustment on December 31, 2018? Assume the adjusting entry for the interest accrual has already been recorded. 181 Long-Term Investments Unrealized Gain on Long-Term Investments Long-Term Investments Realized Gain on Long-Term Investments 181 216 216 No entry required. 216 Long-Term Investments Unrealized Gain on Long-Term Investments 216