For the data presented in BEH.6, show the financial statement presentation of the securities and related accounts. Assume the securities are noncurrent.

In its first year of operations, Machin Corporation purchased available-for-sale debt securities costing $72,000 as a long-term investment. At December 31, 2022, the fair value of the securities is $69,000. Prepare the adjusting entry to record the securities at fair value.