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Ivanhoe Corporation purchases equity securities costing $$70,800.$ At December $31,$ the fair value of the portfolio is $$61,200.$

Prepare the adjusting entry to report the securities properly, assuming that the investments purchased represent less than a $5\%$ interest in the other companies. $($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

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