eBook Show Me How Print Item Valuing Available-for-Sale Securities at Fair Value On January 1, 2045, Valuation Allowance for Available for Sale Investments had a zero balance. On December 31, 2045, the cost of the available-for-sale securities was $207,000, and the fair value was $212,660, Prepare the adjusting entry to record the unrealized gain or loss on available for sale investments on December 31, 2045, 2075 Dec. 31 Unrealized Gain (Loss) on Available for Sale Investments X 5.560 x Valuation Allowance for Available for Sale Investments x 5.560 x Feedback Check My Work The unrealized gain or loss is the difference between the securities' cost and their fair value. The offsetting account is Valuation Allowance for Available-For-Sale Investments Appendix