Check my The accounting records of Jamaican Importers, Inc., at January 1, 2018, included the following: Assets Investment in IBM common shares Less: Fair value adjustment $1,845,000 195,000 $1,650,000 No changes occurred during 2018 in the investment portfolio. Required Prepare appropriate adjusting entry(s) at December 31, 2018, assuming the fair value of the IBM common shares was: $1,315,000 2. $1,750,000 3. $1,850,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)