Journal entries for available for sale securities M. Jones Inc, purchased the following available for sale securities during 2015. its first year of operations Issuing Company Cost Arden Enterprises Inc $150,000 French Broad Industries Inc. 66,000 Pisgah Construction Inc. 104,000 Total $320,000 The fair value of the various available-for-sale securities on December 31, 2045, was as follows: Fair Value Dec 31, 2015 Issuing Company Arden Enterprises Inc. $170,000 French Broad Industries Inc. Pisgah Construction Inc. 73,500 96,000 $337,500 2. Journalize the adjusting entryifor the fair value of the portfolio of securities on December 31, 2075. I no entry is required, select "no entry required and leave the amount box blank. If an amount box does not require an entry, leave it blank 2015 Dec. 31 17.500 17.500 eloce RYOBIERNO b. If the fair value of the portfolio of securities were the same on December 31, 2016, what would be the journal entry to the portfolio to throwntry is required, select the entry required and leave the amount box blank. If an amount box does not require an entry 2016 Dec. 31 2.500 X 2.500 X B. Review when changes in market prices would be recognized c. If the fair value of the portfolio of securities was $340,000 on December 31, 2016, what would be the journal entry to adjust the portfolio to fair value? no estry required select the entry required and leave the amount box blank. If an amount box does not require an entry, beveitar 2016 Dec. 31 Feedback Check Incorrect d. If the fair value of the portfolio of securities was $330,000 on December 31, 2016, what would be the journal entry to adjust the portfolio to fair value in entry is required select "ne entry required and leave the amount box blank. If an amount box does not require an entry leave it blank 2016 Dec 31