Exercise 17B-9 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Pharoah, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) $(4,875) $34,125 24,375 44,850 $103,350 $29,250 27,300 49,725 $106,275 2,925 4,875 2,925 780 $2,145 Total Previous fair value adjustment balance-Dr. Fair value adjustment-Dr ity A for $29,445. The sale proceeds are net of brokerage fees (a) Your answer is correct. Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. (Credit account titles are automati required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Fair Value Adjustment 2145 Unrealized Holding Gain or Loss- Equity 2145