Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end costs and fair values for its portfolio of these investments follow.

Portfolio of Available-for-Sale Securities	Cost	Fair Value
December 31, Year 1	$ 13,000	$ 15,000
December 31, Year 2	20,000	25,000
December 31, Year 3	23,000	29,000
December 31, Year 4	16,500	19,000

Prepare journal entries to record each year-end fair value adjustment for these securities.

December 31, Year 1Fair value adjustment - Available-for-saleselected answer correct3,600selected answer incorrectnot attemptedUnrealized gain - Equityselected answer correctnot attempted3,600selected answer incorrect2December 31, Year 2Fair value adjustment - Available-for-saleselected answer correct5,600selected answer incorrectnot attemptedUnrealized gain - Equityselected answer correctnot attempted5,600selected answer incorrect3December 31, Year 3Fair value adjustment - Available-for-saleselected answer correct1,500selected answer incorrectnot attemptedUnrealized gain - Equityselected answer correctnot attempted1,500selected answer incorrect4December 31, Year 4Unrealized gain - Equityselected answer correct5,300selected answer incorrectnot attemptedFair value adjustment - Available-for-saleselected answer correctnot attempted5,300selected answer incorrect