Oliver Corporation 4% bonds, purchased at face value, with an amortized cost of $2,950,000, classified as a trading security. Because of unrealized losses prior to 2021, the Oliver bonds have a fair value adjustment account with a credit balance of $350,000, such that the carrying value of the Oliver investment is $2,600,000 prior to making any adjusting entries in 2021. At December 31, 2021, the Oliver investment had a fair value of $2,350,000, and Stewart calculated that $270,000 of the difference between amortized cost and fair value is a credit loss and $330,000 is a noncredit loss. At December 31, 2022, the Oliver investment had a fair value of $3,300,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.). Show less A Credit No 1 Date General Journal December 31, 202 Loss on investments (unrealized, NI) Fair value adjustment Debit 250,000 250,000 2 December 31, 202 Fair value adjustment Gain on investments (unrealized, NI) 600,000 X