HELPPP

Fair value adjustment for equity irvestments; less than 20% ownership Malia industries bwned the following equity investments as of December 31,20r3 : or sell any of the equity securities. The fair value of the equity secunties as of December 31, 20y4, was as follows: a. What was the balance of Valuatien Aliowance for Equity Investments as of December 31,20r3? Foethes = Oes Ur wus b. Joumalle the adjustment to fair value for the equity investments as of Desember 31,20y4. If an amount box does not require an entry, leave it blank. 20Y4D0E31 x b. Calculate the difference between fair market valves (current and phor year). Unrealized gains increase cost basis, Unrealifed losses decresse cost basis. c. After the adjustment in (b), what is the balance of Valustion Allowance for Gquity Investments? d. Does the change in fair valut of the eduity securities in 20y4 affect Mala indistries net income