At December 31, 2020, the available-for-sale debt portfolio for Teal, Inc. is as follows. Unrealized Security Cost Fair Value Gain (Loss) A $19,250 $16,500 $(2,750) B 13,750 15,400 1,650 25,300 28,050 2,750 Total $58,300 $59,950 1,650 Previous fair value adjustment balance-Dr. 440 Fair value adjustment-Dr. $1,210 On January 20, 2021, Teal, Inc. sold security A for $16,610. 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 O for the amounts.) Account Titles and Explanation Debit Credit (b) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer