179B

Hi I need help with the attached assignment but just part b thanks

Exercise 17-9 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Marin, Inc. is as follows. Security A B C Cost $32,375 23,125 42,550 Fair Value $27,750 25,900 47,175 $98,050 $100,825 Total Unrealized Gain (Loss) $(4,625 ) 2,775 4,625 2,775 Previous fair value adjustment balanceDr. 740 Fair value adjustmentDr. $2,035 On January 20, 2018, Marin, Inc. sold security A for $27,935. The sale proceeds are net of brokerage fees. (a) Your answer is correct. Prepare the adjusting entry at December 31, 2017, to report the portfolio 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 0 for the amounts.) Account Titles and Explanation Fair Value Adj Debit Credit 2035 Unrealized Ho 2035 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Attempts: 1 of 3 used (b) Show the balance sheet presentation of the investment-related accounts at December 31, 2017. (Do not leave any answer field blank. Enter 0 for amounts.) MARIN, INC Balance Sheet $ : $