Luestion 1 (1 point) Rex Corp. purchased 1,000 common shares of Hudson Inc. for $32,000 as a Fair Value through Net Income (FV-NI) equity investment. At December 31, the fair value of these shares was $30,800. The required adjusting entry to reflect this fact is Dr. Investment Loss 1,200 Cr. Fair value-Net Income Investment 1,200 Dr. Fair value-Net Income Investment 1,200 Cr. Investment Income 1,200 Dr. Fair value-Net Income Investment 1,200 Cr.Holding Gain on Investment (OCI) 1,200 Dr. Holding Loss on Investment (OCI) 1,200 Cr. Fair value-Net Income Investment 1,200