Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 Cost $311,140 354,700 482,392 728,412 Fair Value $301,806 375,982 570, 670 648,287 Prepare journal entries to record each year-end fair value adjustment for these securities. Complete this question by entering your answers in the tabs below. Calculation General Journal Calculation adjustment required to fair value adjustment. 12/31/15 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/16 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/17 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/18 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) Journal entry worksheet 1 2 3 4 Record the year-end adjusting entry for the securities portfolio as of December 31, 2015. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2015 Record entry Clear entry View general journal Journal entry worksheet