Question Content Area Adjusting the Allowance to Adjust Trading Securities to Market Caesar Corporation has the following information for its portfolio of trading securities at the end of the past 4 years: Date Portfolio Cost Portfolio Market Value 12/31/2021 $162,300 $153,800 12/31/2022 109,600 106,200 12/31/2023 148,900 151,300 12/31/2024 139,000 138,700 Required: Question Content Area 1. Prepare the journal entries, if necessary, to adjust the allowance account at the end of 2022, 2023, and 2024. If an amount box does not require an entry, leave it blank. 2022 Dec. 31 Allowance to Adjust Trading Securities to Market 109,600 106,200 Unrealized Gain (Loss) on Trading Securities 5,100 2023 Dec. 31 Allowance to Adjust Trading Securities to Market 148,900 151,300 Unrealized Gain (Loss) on Trading Securities 2,700 2024 Dec. 31 Unrealized Gain (Loss) on Trading Securities 139,000 138,700 Allowance to Adjust Trading Securities to Market 3,000 Feedback Area Feedback Partially correct Question Content Area 2. Conceptual Connection: What is the income statement effect of the 2024 entry? If there is no effect, please enter "0" for the amount and select "no effect" from the dropdown. The 2024 income statement effect is a $fill in the blank 8c95a5f7efbffcd_1 3,000 loss Feedback Area Feedback Partially correct