Assignment/takeAssignmentMain.do?inprogress=true Calculator Print Item ook Show Me How Valuing Available-for-Sale Securities at Fair Value On January 1, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, the cost of the available-for- sale securities was $247,500, and the fair value was $254,270. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31. Dec. 31 Previous 3 more Check My Work uses remaining ignment/takeAssignmentMain.do?inprogress-true Print Item Calculator ook Show Me How Valuing Available-for-Sale Securities at Fair Value On January 1, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, the cost of the available-for- sale securities was $247,500, and the fair value was $254,270. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31. Dec. 31 Available-for-Sale Investments Cash Retained Earnings Unrealized Gain (Loss) on Available-for-Sale Investments Valuation Allowance for Available-for-Sale Investments Previous