Exercise 16s a-b At December 31, 2020, the available-for-sale secunities for Allison, Inc. are as follows Security Cost Fair Value X$27,500 $24,000 Y 12,500 13,000 Z 23,000 18,000 $63,000 $55,000 Prepare the edust ng entry at December 31, 2020,to report the securities at fair value (credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Date Account Titles and Explanation Credit Dec. 31 a 2020, after edjustment to fair value. The securities are considered to be a long-term investment Allison, Inc