Chapter 12 Inv. in equity sec. #2 (1 pt.) Saved The accounting records of Jamaican Importers, Inc., at January 1, 2018, included the following 1 Assets: Investment in IBM common shares Less: Fair value adjustment $1,895,000 (200,000) $1,695,000 points No changes occurred during 2018 in the investment portfolio eBook Required: Prepare appropriate adjusting entry(s) at December 31, 2018, assuming the fair value of the IBM common shares was 1. $1,331,000 2. $1,770,000 3. $1,920,000 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Record the fair value adjustment assuming the fair value of the IBM common shares was $1,331,000 1 ommon Record the fair value adjustment assuming the fair value of the IBM common shares was $1,770,000 2 Record the fair value adjustment assuming the fair value of the IBM common shares was $1,920,000 3 t Credit