12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill, Inc. are as follows. Security Cost Fair Value $16,300 13,800 $17,100 12,800 22,600 $52,500 $49.000 Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 unrealized Gain or Loss-Income Fair Value Adjustment-Trading Your answer is partially correct. Try again Show the balance sheet and income statement presentation at December 31, 2020, after adjustment to fair value. Sandhill, Inc. Balance Sheet (Partial) December 31, 2020 Current Liabilities Debt Investments, at fair value Sandhill, Inc. Income Statement (Partial) For the Year Ended December 31, 2020 Other Revenues and Gains Unrealized Loss on Trading Securities