1.) Rice Corporation has the following investment which was held throughout 20182019:

Fair Value

Cost 12/31/18 12/31/19

Equity Investment: $972,000 $1,281,000 $1,230,000

The equity investments is recorded using the fair value method as no ownership % is greater than 20%. What is the balance of the Fair Value Adjustment Account-Equity Investments at 12/31/2019?

(Be sure to include debit or credit in your answer for example $10,000 debit)

2.) On its December 31, 2017 balance sheet, Beans Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Beans portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio:

Security Cost Fair Value at 12/31/18

A $124,000 $151,000

B $ 94,000 $ 85,500

C $163,000 $113,000

TOTALS: $381,000 $349,500

The amount of unrealized loss to appear as other comprehensive income for the year ending December 31, 2018 is?