At December 31, 2020, the available-for-sale debt portfolio for Bridgeport, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $25,375 $21,750 $(3,625 ) B 18,125 20,300 2,175 C 33,350 36,975 3,625 Total $76,850 $79,025 2,175 Previous fair value adjustment balance-Dr. 580 Fair value adjustment-Dr. $1,595 On January 20, 2021, Bridgeport, Inc. sold security A for $21,895. The sale proceeds are net of brokerage fees. (a) Your answer has been saved. See score details after the due date. Prepare the adjusting entry at December 31, 2020, 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 O for the amounts.) Account Titles and Explanation Fair Value Adjustment Debit 1595 Credit amounts.) Account Titles and Explanation Fair Value Adjustment Unrealized Holding Gain or Loss - Equity eTextbook and Media List of Accounts Using multiple attempts will impact your score. 5% score reduction after attempt 1 (b) Your answer has been saved. See score details after the due date. Debit 1595 Credit 1595 Attempts: 1 of 1 used Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter O for amounts.) Current Assets Debt Investments BRIDGEPORT, INC Balance Sheet December 31, 2020 $ 79025 Current Assets Debt Investments BRIDGEPORT, INC Balance Sheet December 31, 2020 Stockholders' Equity Common Stock Additional Paid-in Capital Retained Earnings Add > > > > $ 79025 Accumulated other Comprehensive Income Total Stockholders' Equity LA 0 0 2175 2175 List of Accounts Using multiple attempts will impact your score. 5% score reduction after attempt 1 Attempts: 1 of 1 used (c) Prepare the journal entry for the 2021 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.) Date Account Titles and Explanation Jan. 20, 2021 Cash Loss on Sale of Investments Debt Investments Debit Credit 25375