At December 31, 2017, the available-for-sale debt portfolio for Grouper, Inc. is as follows.

Security		Cost		Fair Value		Unrealized Gain (Loss)
A		$30,625		$26,250		$(4,375	)
B		21,875		24,500		2,625
C		40,250		44,625		4,375
Total		$92,750		$95,375		2,625
Previous fair value adjustment balanceDr.						700
Fair value adjustmentDr.						$1,925

(A)On January 20, 2018, Grouper, Inc. sold security A for $26,425. The sale proceeds are net of brokerage fees.

Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. (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.)

Account Titles and Explanation	Debit	Credit
(B)Show the balance sheet presentation of the investment-related accounts at December 31, 2017. (Do not leave any answer field blank. Enter 0 for amounts.) GROUPER, INC Balance Sheet

(C)Prepare the journal entry for the 2018 sale of security A. (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.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 20, 2018