A portfolio of investments of available-for-sale securities held by Dow Inc. is as follows. Cost Fair Value Dece. 31, Year 1 Eastern Corp. bonds $144,000 $153,600 Western Corp. bonds 240,000 246,000 Total $384,000 $399,600 Dece. 31, Year 2 Eastern Corp. bonds $144,000 Western Corp. bonds 240,000 Total Cost Fair Value The Fair Value Adjustment account had a $0 balance on January 1 of Year 1. No sales or purchases took place in the available-for-sale investment portfolio in Year 1 and Year 2. Date a. Dec. 31, Year 1 $168,000 228,000 $384,000 $396,000 a. Record the adjusting entry on December 31 of Year 1 to adjust the debt investments to fair value. b. Record the adjusting entry on December 31 of Year 2 to adjust the debt investments to fair value. b. Dec. 31, Year 2 Account Name To record adjusting entry. Dr. Cr. To record adjusting entry. c. Indicate how the adjustment to fair value in (b) would be reported in Dow's income statement for the year ended December 31 of Year 2.