1. The Janjua Company had the following account balances at 1/1/22: Common Stock $65,000 Treasury Stock (at cost) 20,000 Paid-in-Capital in Excess of Par 80,500 Investments in AFS Debt Securities 40,500 Accumulated OCI on Debt Securities 600 debit Retained Earnings 13,400 On that date, the FVA account was at its proper balance. There were no sales or purchases of Common Stock or Investments during 2022. Prior to any adjusting journal entries related to the investments, 2022 Net Income was $10,600. No other transactions affecting Retained Earnings occurred. Fair Value of the Investments at 12/31/2022 was $40,000. Required: (a) Prepare the 12/31/22 journal entry to adjust the investment to fair value. (b) Prepare the complete 12/31/22 Equity section of the balance sheet