The following information is available for Splish Company at December 31, 2020, regarding its investments. Securities 2,900 shares of Myers Corporation Common Stock 900 shares of Cole Incorporated Preferred Stock Cost Account Titles and Explanation $43,800 24,200 $68,000 Fair Value $51,500 21,300 $72,800 (a) Prepare the adjusting entry (if any) for 2020, assuming no balance in the Fair Value Adjustment account at January 1, 2020. Neither of Splish's investments result in significant influence. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit