At December 31, 2017, the available-for-sale debt portfolio for Marin, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $27,125 19,375 35,650 $82,150 $23,250 21,700 39,525 $84,475 $(3,875) 2,325 3,875 2,325 620 $1,705 Total Previous fair value adjustment balance-Dr Fair value adjustment-Dr. On January 20, 2018, Marin, Inc. sold security A for $23,405. The sale proceeds are net of brokerage fees (a) Your answer is correct. 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 Fair Value Adjustment Debit Credit 1705 Unrealized Holding Gain or Loss Equity 1705