Facts:

Bakersfields debt portfolio* at 12/31/20 is as follows:

Stock	COST
D.	$175,000
E.	125,000
F.	230,000
	$530,000
Stock	FMV
D.	$150,100
E.	140,000
F.	255,000
	$545,100
Stock	Gain (Loss) Not Recongnized
D.	($24,900)
E.	15,000
F.	25,000
Total	15,100
Prior fmv adjustment balance Debit	4,000
F.V. Adj. Debit	$11,100

*The debt portfolio is classified as available for sale.

On January 24, 2021, Bakersfield Company sold security D for $150,100. (Note: The sales proceeds are net of brokerage fees.)

Instructions:

1. Prepare the adjusting entry at December 31, 2020, to report the portfolio a fair value.

b.Prepare the journal entry for the 2021 sale of Security D