21. need it ASAP

Sheridan Company began operations in 2020. Since then, it has reported the following gains and losses for its equity investments in on the income statement:

		2020			2021			2022
Gains (losses) from sale of securities		$15,800			$(19,100)			$13,000
Unrealized holding losses on valuation of securities		(26,000)						(14,800)
Unrealized holding gain on valuation of securities					9,100

At January 1, 2023, Sheridan owned the following trading securities:

		Cost
BKD Common (16,000 shares @ $30)		$480,000
LRF Preferred (1,700 shares @ $105)		178,500

During 2023, the following events occurred:

1.		Sold 4,800 shares of BKD for $163,200.
2.		Acquired 1,000 shares of Horton Common for $42 per share. Brokerage commissions totaled $1,000.

At 12/31/23, the fair values for Sheridan's investments were:

BKD Common, $28 per share

LRF Preferred, $110 per share

Horton Common, $47 per share

(a)

Compute the balance in the Fair Value Adjustment account at December 31, 2022 (after the adjusting entry for 2022 is made). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Balance in fair value adjustment account

$