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

Security		Cost		Fair Value		Unrealized Gain (Loss)
A		$25,375		$21,750		$(3,625	)
B		18,125		20,300		2,175
C		33,350		36,975		3,625
Total		$76,850		$79,025		2,175
Previous fair value adjustment balanceDr.						580
Fair value adjustmentDr.						$1,595

On January 20, 2021, Teal, Inc. sold security A for $21,895. 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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

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List of Accounts

Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter 0 for amounts.)

TEAL, INC Balance Sheet December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity					$
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
AddLess:
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity					$

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List of Accounts

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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 20, 2021