Sharp, Inc., had the following portfolio of investment securities on January 1, 2003: Security Type Classification Historical

Sharp, Inc., had the following portfolio of investment securities on January 1, 2003:

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Security Type Classification Historical Cost 1 Debt Trading $1,000 2 Equity Trading 1,250 3 Debt Trading 1,700 4 Debt Available-for-sale 2,200 5 Debt Held-to-maturity 1,800 Fair Market Value (1/1/03) $ 800 1,100 1,650 2,150 1,750 Appropriate adjustments have been made in prior years. No securities were bought or sold during 2003. On December 31, 2003, Sharp's portfolio of securities had the following fair market values: Security 1 2 3 4 5 Fair Market Value (12/31/03) $ 650 1,200 1,700 2,250 1,850 Prepare the necessary adjusting entry(ies) on December 31, 2003.