At December 31, 2020, the available-for-sale debt portfolio for Teal, Inc. is as follows. Unrealized Security Cost Fair Value Gain (Loss) A $21,000 $18,000 $(3,000) B 15.000 16,800 1,200 27,600 30,600 3,000 Total $63,600 $65,400 1,800 Previous fair value adjustment balance- 480 Dr. Fair value adjustment-Dr. $1,320 On January 20, 2021, Teal, Inc. sold security A for $18,120. The sale proceeds are net of brokerage fees. 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 an: verfield blank. Enter O for amounts.) TEAL, INC Balance Sheet For the Year Ended December 31, 2020 V $ 480 1320 C 1800