At December 31,2022, the trading debt securities for Pharoah, Inc. are as follows

At December 31, 2022, the trading debt securities for Pharoah, Inc. are as follows. Security Cost Fair Value A $18.470 $14,530 B 13,100 13,403 24.350 16,910 Total $55.920 $44,843 (a) (a) Your answer is correct. Prepare the adjusting entry at December 31, 2022. to report the securities 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 for the amounts) Date Account Titles and Explanation Credit Debit Dec. 31 Unrealized Gain or Loss-Income 11077 Fair Value Adjustment Trading 11077 (51) Your answer is partially correct. Show the balance sheet presentation at December 31, 2022, after adjustment to fair value. Pharoah, Inc. (Partial) Balance Sheet Current Assets