Six months ago, a company purchased an investment in debt for $71,450. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. The current fair value of the debt is $68,000. The company should record a:
A. Credit to Unrealized Gain-Equity for $3450.
B. Debit to Unrealized Loss-Equity for $3450.
C. No entry is required.
D. Credit to Investment Revenue for $3450.
E. Debit to Investment Revenue for $3450.
Answer: B
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