The investments of Steelers Inc. include a single investment: $400,000 of Bengals Inc. 5% bonds purchased at 100 on January 1, 20Y7. These bonds were classified as available-for-sale securities. As of the December 31, 20Y7, balance sheet date, the fair value of the bonds declined to $392,800. a. Journalize the entries to acquire the investment on January 1, 20Y7, and record the adjustment to fair value on December 31, 20Y7. If an amount box does not require an entry, leave it blank. 20Y7 Jan. 1 Investments-Bengals Inc. Bonds  fill in the blank 9997eefc101405a_2 fill in the blank 9997eefc101405a_3   Cash  fill in the blank 9997eefc101405a_5 fill in the blank 9997eefc101405a_6 20Y7 Dec. 31 Unrealized Gain (Loss) on Available-for-Sale Investments  fill in the blank 9997eefc101405a_8 fill in the blank 9997eefc101405a_9   Valuation Allowance for Available-for-Sale Investments  fill in the blank 9997eefc101405a_11

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