KItty Company began operations in the current year and acquired short-term debt Investments in trading securitles. The year-end cost and falr values for its portfolio of these debt Investments follow. QS C-4 (Algo) Fair value adjustment to a portfolio of trading securities LO P1 Prepare the Journal entry to record the December 31 year-end falr value adjustment for these debt securitles. Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits