At December 31, 2020, the available-for-sale debt portfolio for Pina, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value A $39,375 $33,750 $(5,625) B 28,125 31.500 3,375 5,625 51,750 57,375 Total $119,250 $122.625 3,375 Previous fair value adjustment balance-Dr. 900 Fair value adjustment-Dr. $2,475 On January 20, 2021, Pina, Inc. sold security A for $33,975. The sale proceeds are net of brokerage fees. (a) a Your answer is correct. 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 for the amounts.) Account Titles and Explanation Debit Credit Fair Value Adjustment 2475 Unrealized Holding Gain or Loss - Equity 2475 Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter for amounts.) PINA, INC Balance Sheet December 31, 2020 Current Assets Stockholders' Equity $ 122,625 Stockholders' Equity Common Stock Additional Paid-in Capital 000 Retained Earnings 122,625 Add V: Accumulated other Comprehensive Income 3.375 Total Stockholders' Equity