Exercise 16-11 a-b At December 31, 2020, the available-for-sale debt securities for Crane, Inc. are as follows. The securities are considered to be a long-term investment. Security Cost Fair Value $17,700 12,800 22,800 $53,300 $16,100 14,300 18,900 $49,300 Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amour entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 || Unrealized Gain or Loss-Income Fair Value Adjustment-Trading Show the statement presentation at December 31, 2020, after adjustment to fair value. Crane, Inc. Balance Sheet (Partial) December 31, 2020 Crane, Inc. Comprehensive Income Statement For the Year Ended December 31, 2020