Whispering Company has the following securities in its investment portfolio on December 31, 2017 (all securities were purchased in 2017): (1) 3,000 shares of Anderson Co. common stock which cost $54,000, (2) 10,700 shares of Munter Ltd. common stock which cost $620,600, and (3) 6,400 shares of King Company preferred stock which cost $268,800. The Fair Value Adjustment account shows a credit of $10,200 at the end of 2017. In 2018, Whispering completed the following securities transactions.

1. On January 15, sold 3,000 shares of Andersons common stock at $22 per share less fees of $1,990.

2. On April 17, purchased 1,000 shares of Castles common stock at $35 per share plus fees of $1,980.

Compute the unrealized gains or losses.

Unrealized GainLoss

$

Prepare the adjusting entry for Whispering on December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2018