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Valuing Available-for-Sale Securities at Fair value On January 1, 2014, Valuation Allowance for Available-for-sale Investments had a zero balance. On December 31, 2014, the cost

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Valuing Available-for-Sale Securities at Fair value On January 1, 2014, Valuation Allowance for Available-for-sale Investments had a zero balance. On December 31, 2014, the cost of the available-for-sale securities was $144,000, and the fair value was $147, 940. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31, 2014

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