53 Required information The following information applies to the questions displayed below) The accounting records of Jamaican Importers, Inc., at January 1, 2021, Included the following: Assets Investment in common shares Les Fair value adjustment $5,895,000 (200,000) $1,695,000 No changes occurred during 2021 in the investment portfolio Required: 1. Prepare appropriate adjusting entry) at December 31, 2021, assuming the toir value of the IEM common shares was $13310000 no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transactions View journal entry worksheet No Transactions Debit Credit 1 General Journal Cain on vestments curred, OCI) Foroacustment The accounting records of Jamaican Importers, Inc, at January 1, 2021, Included the following: Assets: Investment in IBM common shares Less: Fair value adjustment $1,895,000 (200,000 $1,695,000 No changes occurred during 2021 in the investment portfolio 2. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1.770,000 mo entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet