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43)At December 31, 2020, the trading securities for Paul Company are as follows: Security Cost Fair Value AXZ$116,000$120,000 BKY 134,000 132,000 $250,000 $252,000 Prepare the

43)At December 31, 2020, the trading securities for Paul Company are as follows:

SecurityCostFair Value

AXZ$116,000$120,000

BKY 134,000132,000

$250,000$252,000

Prepare the adjusting entry at December 31, 2020, to report the securities at fair value

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