2 pok ant ences Check my work The cost and fair value of non-strategic investments of International Journalist Corporation on December 31, 2020, and December 31, 2021, are as follows: Cost On December 31, 2020 $23,500 Fair Value $22,000 On December 31, 2021 26,500 27,350 Required: 1. Prepare the fair value adjustment at December 31, 2020, and December 31, 2021, based on the information provided View transaction list Journal entry worksheet < 1 2 Record the fair value adjustment. View general journal 2. Illustrate how the non-strategic investments will be reported on the December 31, 2020, and December 31, 2021, balance sheets INTERNATIONAL JOURNALIST CORPORATION Partial Balance Sheet Assets December 31, 2020 Current assets: Investments Mc eBook Print References INTERNATIONAL JOURNALIST CORPORATION Assets Partial Balance Sheet December 31, 2021 Current assets: Investments