Global Energy Inc.'s actively traded non-strategic investments as of December 31, 2020, are as follows: Enviroclean common shares Northern Utilities common shares Imperial Oil common shares Farmer Solar Limited common shares Cost $17,800 42,950 25,400 35,000 Fair Value $19,750 42,210 24,410 32,110 03 Global Energy Inc. had no investments prior to 2020. Required: 1. Prepare the fair value adjustment at December 31, 2020, based on the information provided. View transaction list Journal entry worksheet 1 Record the fair value adjustment. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 2020 Record the fair value adjustment. Note: Enter debits before credits. Date General Journal Debit Credit 5 Dec 31, 2020 Record entry Clear entry View general journal View general jou 2 2. Illustrate how the investments will be reported on the December 31, 2020, balance Current assets Investments 1