Exercise C-7 (Algo) Multiyear fair value adjustments to available-for-sale debt securities LO P3 Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end costs and fair values for its portfolio of these investments follow Portfolio of Available-for-sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 Fair Value $16,500 Cost $ 12,600 17,900 26,100 21,300 32,600 15,300 December 31, Year 4 20,600 Prepare journal entries to record each year-end fair value adjustment for these securities. Answer is complete but not entirely correct.. No Date General Journal Debit Credit 1 December 31, Year Unrealized loss - Equity 3,900 Fair value adjustment - AFS 3,900 2 December 31, Year Fair value adjustment-AFS Unrealized loss - Equity 3 December 31, Year Fair value adjustment-AFS Unrealized loss - Equity 8,200 8,200 11,300 11,300 4 December 31, Year Unrealized loss-Equity x 5,300 Fair value adjustment-AFS 5,300