Exercise 17-10 At December 31, 2017, the available-for-sale debt portfolio for Swifty, Inc. is as follows Unrealized Gain (Loss) Security Cost Fair Value $184,62!5 131,875 242,650 $559,150 $158,250 147,700 269,025 $574,975 $(26,375) 15,825 26,375 15,825 4,220 $11,605 Total Previous fair value adjustment balance-Dr. Fair value adjustment-Dr On January 20, 2018, Swifty, Inc. sold security A for $159,305. The sale proceeds are net of brokerage fees SwiftyInc. reports net income in 2017 of $1,266,000 and in 2018 of $1,477,000. Total holding gains (including any realized holding gain or loss) equal $422,000 in 2018