At December 31, 2020, the available-for-sale debt portfolio for Marin, Inc. is as follows.

At December 31, 2020, the available-for-sale debt portfolio for Marin, Inc. is as follows. Security Cost Fair Value $31,500 $27,000 22,500 25,200 41,400 45,900 Total $95,400 $98,100 Previous fair value adjustment balance- Unrealized Gain (Loss) $(4,500) 2,700 4,500 2,700 720 Dr. Fair value adjustment-Dr. $1,980 On January 20, 2021, Marin, Inc. sold security A for $27,180. The sale proceeds are net of brokerage fees. Your answer is correct Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit account tities are indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles the amounts.) Debit Credit Account Titles and Explanation Fair Value Adjustment Unrealized Holding Gain or Loss - Equity 1980 | 1980 Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter for amounts) MARIN, INC Balance Sheet December 31, 2020 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 for the amounts.) Debit Credit Date Account Titles and Explanation Jan 20, 2021 Cash Loss on Sale of Investments Debt Investments eTextbook and Media