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At December 31, 2017, the available-for-sale debt portfolio for Pearl, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $33,250 $28,500 23,750 26,600

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At December 31, 2017, the available-for-sale debt portfolio for Pearl, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $33,250 $28,500 23,750 26,600 43,700 48,450 Total $100,700 $103,550 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. $(4,750 ) 2,850 4,750 2,850 760 $2,090 On January 20, 2018, Pearl, Inc. sold security A for $28,690. The sale proceeds are net of brokerage fees. Show the balance sheet presentation of the investment-related accounts at December 31, 2017. (Do not leave any answer field blank. Enter O for amounts. PEARL, INC Balance Sheet For the Year Ended December 31, 2017 ] Current Assets Stockholders' Equity 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 O for the amounts.) Account Titles and Explanation Debit Credit Date Jan. 20, 2018

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