At December 31, 2021, the trading investments for Marin Inc., are as follows: Fair Value Security Co. A common shares Co. preferred shares Co. C common shares Totals Investment Category FVTPL FVTPL FVTOCI Carrying Value $19.000 13,000 24,000 $56,000 $16,600 14,500 19,800 $50,900 Your answer is partially correct. Prepare the adjusting entries required at December 31 to report the above investments at fair value. (Credit account titles are automatically indented when the 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 Dec. 31 (To record fair value adjustment of FVTPL investments.) (To record fair value adjustment FVTOCl investments.) X Your answer is incorrect. Show the financial statement presentation of the investments and the holding gains and losses that result from fair value adjustments at December 31, 2021. (Ignore income tax.) (Show negative amounts with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) MARIN INC. Balance Sheet (Partial) For the Year Ended December 31, 2021 MARIN INC. Comprehensive Income Statement (Partial) December 31, 2021 Other Revenues $ $ Your answer is partially correct. Assuming that on March 20, 2022, Marin sold Co. preferred shares for $14,000, prepare the journal entry to record this transaction. (Credit account titles are automatically indented when the 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.) Debit Credit Date Account Titles and Explanation Mar. 20 Cash 14000 Loss on Sale of FVTPL Investments V 500 14500 Investments at FVTPL (To record sale of investment.)