At December 31, 2018, the held for trading investments for Pearl City Inc. are as follows: Security Cost Fair Value A $19,100 $21,800 B 12,800 14,100 21,900 20,100 Totals $53,800 $56,000 Part 1 Prepare the adjusting entry at December 31 to report the held for trading investment portfolio at fair value. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Debit Credit Dec. 31 Part 2 Show the financial statement presentation of the held for trading investments and any related accounts at December 31, 2018. PEARLCITY INC Statement of Financial Position (Partial) $ PEARLCITY INC Income Statement (Partial) Part 3 On March 22, 2019, Pearl City sold security A for $22,700 cash. Record the sale of the security. (Credit account titles are automatically indented when the 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.) Credit Debit Account Titles and Explanation Date Mar. 22