1. The Janjua Company had the following account balances at 1/1/22 : On that date, the Accumulated OCl account was at its proper balance. There were no sales or purchases of Common Stock or Investments during 2016. Prior to any adjusting journal entries related to the investments, 2022 Net Income was $7,800. No other transactions affecting Retained Earnings occurred. Fair Value of the Investments at 12/31/2022 was $34,700. (a) Required for Part I: (b) Prepare the 12/31/22 journal entry to adjust the investment to fair value. (c) Prepare the complete 12/31/22 Equity section of the balance sheet