In its first year of operations, Swifty Corporation purchased available-for-sale debt securities costing $80,000 as a long-term investment. At December 31, 2022, the fair value of the securities is $76,400. Prepare the adjusting entry to record the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title for the adjusting entry on december 31	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on december 31	enter a debit amount	enter a credit amount

-----

Pronghorn Company owns 25% of Toppe Company. For the current year, Toppe reports net income of $210,000 and declares and pays a $84,000 cash dividend. Record Pronghorns equity in Toppes net income and the receipt of dividends from Toppe. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title to record revenue from investment on december 31	enter a debit amount	enter a credit amount
	enter an account title to record revenue from investment on december 31	enter a debit amount	enter a credit amount
	(To record revenue from investment)
Dec. 31	enter an account title to record receipt of dividend on december 31	enter a debit amount	enter a credit amount
	enter an account title to record receipt of dividend on december 31	enter a debit amount	enter a credit amount
	(To record receipt of dividend)