At December 31, 2020, the available-for-sale debt portfolio for Skysong, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value A $31,500 $ 27,000 $(4,500) B 22,500 25,200 2.700 41,400 45,900 4,500 Total $ 95,400 $ 98,100 2.700 Previous fair value adjustment balance-Dr. 720 Fair value adjustment-Dr. $ 1,980 On January 20, 2021, Skysong, Inc. sold security A for $ 27,180. The sale proceeds are net of brokerage fees. (a) 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 Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer blank. Enter for amounts.) SKYSONG, INC Balance Sheet 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 Debit Credit Jan. 20, 2021