7

At December 31, 2025, the available-for-sale debt portfolio for Cullumber, Inc. is as follows. On January 20, 2026, Cullumber, Inc. sold security A for $19,630. The sale proceeds are net of brokerage fees. (a) Prepare the adjusting entry at December 31, 2025, to report the portfolio at fair value. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)