income and the receipt of dividends from Lauer. Prepare adjusting entry using fair value BE16.4 (LO 3) The cost of the trading debt securities of Munoz Company at December 31, 2020, is $64,000. At December 31, 2020, the fair value of the securities is $59,000. Prepare the adjusting entry to record the securities at fair value. Prepare adjusting entry using fair value. BE16.4 (LO 3) The cost of the trading debt securities of Munoz Company at December 31, 2020, is $64,000. At December 31, 2020, the fair value of the securities is $59,000. Prepare the adjusting entry to record the securities at fair value. Indicate statement presentation using BE16.5 (LO 3) Financial Statement For the data presented in BE16.4, show the financial statemert Jair value presentation of the trading securities and related accounts