At December 31, 2020, the available-for-sale debt portfolio for Whispering, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $ 27,125 $ 23,250 $( 3,875 ) B 19,375 21,700 2,325 C 35,650 39,525 3,875 Total $ 82,150 $ 84,475 2,325 Previous fair value adjustment balanceDr. 620 Fair value adjustmentDr. $ 1,705 On January 20, 2021, Whispering, Inc. sold security A for $ 23,405. The sale proceeds are net of brokerage fees.

Your answer has been saved. Ses score details after the due date. Prepare the adjusting entrya: December 31, 2020, to report the portiolatfair 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 Falr Value Adjustment 1705 Unrealed Holding Celnor Loa - Egulty 1705 eTextbook and Media List of Accounts Attempts: 1 of 1 used b) Your answer has been saved. Ses score details after the due date. Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank Enter for amounts) WHISPERING, INC Balance Sheet December 31, 2020 Current Assets Debt investments 94475 Stockholders Equity Common Stock Additonal Dold-in Capital Retained Earnings