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 $301,840 344,098 467,973 706,639 Fair Value $292, 785 364, 744 553,612 628,909 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. Adjustment Calculation General Journal Calculation adjustment required to fair value adjustment. Debit Credit 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) Att Callaties General Journal > Adjustment Calculation General Journal Prepare journal entries to record each year-end fair value adjustment for these securities. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 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