2. Available for Sale Securities and Financial Reporting At December 31, 2003, the available for sale equity portfolio For Steffi Graf, Inc. is as follows; Security Cost Fair Value A $17,500 $15,000 B 12,500 14,000 23,000 25,500 The previous balance in the market fair value adjustment account is a debit balance of $400. Steffi Graf, Inc. sold Security A for $15,100 on March 1, 2004. (a) Prepare the adjusting journal entry as of 12-31-2003. (b) Prepare the journal entry for the sale of the security