available-for-sale debt securities for Storrer, Inc. are as follows. The securities are considered to be a long-term investment. Instructions a. Prepare the adjusting entry at December 31,2022 , to report the securities at fair value. b. Show the statement presentation at December 31,2022 , after adjustment to fair value. c. E. Kretsinger, a member of the board of directors, does not understand the reporting of the unrealized gains or losses. Write a letter to Ms. Kretsinger explaining the reporting and the purposes that it serves. Prepare adjusting entries for fair value, and indicate statement presentation for two classes of securities