22. Rob Banks, Inc, purchased 400 shares of Sherman, Inc., common stock for $13,200. At year-end, Sherman stock was selling for $34.50 per share, and Banks still owned the security. Banks classified the investment as available for sale. Determine the amount of the year-end adjustment for Banks. A. 600 B. 1.50 C. 13,200 D. 13,800 E. O, since AFS investment 23-24. Refer to Rob Banks, above [22.]. At year-end, determine the adjustment account to be debited by Banks (23.), and credited by Banks (24.). A. Investment in Sherman, Inc., AFS B. Unrealized gainstockholders' equity C. Unrealized gain income statement D. Unrealized loss income statement E. Unrealized loss-stockholders' equity Focus