S\&L Financial buys and sells securities expecting to earn profits on short-term differences in price. Assume that on December 27 , 2024, S\& purchased Coca-Cola bonds at par for $887,000 and sold the bonds on January 3, 2025, for $896,000. At December 31, the bonds had a fair value of $879,000. Prepare journal entries to record (a) any unrealized gains or losses occurring in 2024 and (b) the sale of the bonds in 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field