Your answer is partially correct. Shamrock Company invests $2,880,000 in 6% fixed rate corporate bonds on January 1, 2020. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $3,000,000. Prepare journal entries for Shamrock Company to (a) record the change in fair value at 12/31/20, assuming Shamrock does not elect the fair value option; (b) record the transactions related to these bonds in 2020, assuming that Shamrock Company elects the fair option to account for these bonds. (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 O for the amounts.) Account Titles and Explanation Debit Credit (a) Fair Value Adjustment 112000 Unrealized Holding Gain or Loss - Equity 112000 (b) Debt Investments 112000 Unrealized Holding Gain or Loss -Income 112000