Question $6$

$3$ pts

The following information pertains to Moxxie Corp.$\text{'}$s available$-$for$-$sale securities:

$\backslash$table$[[,31-$Dec,$],[,$Year $2,,],[$Cost$,80,000,$Year $3,],[$Fair Value,$100,000,80,000,]]$

Differences between cost and fair values are temporary. The decline in fair value was properly accounted for at December $31,$ Year $2.$ Ignoring tax effects, what journal entry should be made at December $31,$ Year $3?$

$$5,000$ credit to Unrealized G$/$L $-$ OCI

$$15,000$ debit to Unrealized G$/$L $-$ OCI

$$15,000$ credit to Unrealized G$/$L $-$ OCI

$$5,000$ debit to Unrealized G$/$L $-$ OCI