2020 was the first year that Holiday Cheers Co. had an Available-for-Sale portfolio The portfolio at fiscal year-end was as follows: Cost Fair value Food Co. $ 8,000 $10,000 2,000 Drinks, Inc. 9,500 10,500 1,000 Dessert Corp. 12,000 8,000 (4,000) The required adjusting journal entry on December 31, fiscal year end, is: Multiple Choice FV Adjustment - Equity Unrealized loss - AFS 1,000 1,000 Unrealized loss -Income FV Adjustment - AFS 1,000 1000