On December $31,2022,$ Novak Corp. provided you with the following pre$-$adjustment information regarding its portfolio of investments held for short$-$term profit$-$taking:

December $31,2022$

Investments

Carrying Amount

Fair Value

Moonstar Corp. shares

$$20,000$

$$18,800$

Bilby Corp. shares

$10,000$

$8,900$

Radius Ltd$.$ shares

$19,800$

$20,400$

Total portfolio

$$49,800$

$$48,100$

During $2023,$ the Bilby shares were sold for $$9\mathrm{.}500.$ The fair values of the securities on December $31\mathrm{.}2023,$ were as follows: Moonstar shares $$19,900$ and Radius shares $$20,300,$ The company does not recognizeand report dividends and other components of investment gains and losses separately.

Prepare the adjusting journal entry needed on December $31,2022.($Credit account titles are automatically indented when the 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. List debit entry before credit entry.$)$ prelare the adjusting journal entry needed on december $31,2023.$