At December 31, 2017, the available-for-sale debt portfolio for Teal, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $39,375 $33,750 B 28,125 31,500 51,750 57,375 Total $119,250 $122,625 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. $(5,625 ) 3,375 5,625 3,375 900 $2,475 On January 20, 2018, Teal, Inc. sold security A for $33,975. The sale proceeds are net of brokerage ft Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. (Credit accou "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Show the balance sheet presentation of the investment-related accounts at December 31, 2017. (Do ne TEAL, INC Balance Sheet Prepare the journal entry for the 2018 sale of security A. (Credit account titles are automatically inde titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 20, 2018