Mandy Financial buys and sells securities which it classifies as available$-$for$-$sale. Before adjusting for fair

value at year$-$end, the bond's fair value adjustment has a debit balance of $$23,000.$ On December $31,$

$2024,$ a bond has an amortized cost of $$770,0000$ and the bond's fair value is now $$720,000.$ To adjust the

securities to fair value, Mandy should record the following entry:

Debit Fair Value Adjustment at $$27,000.$

Debit Fair Value Adjustment at $23,000.$

Credit Fair Value Adjustment at $$73,000.$

Credit Fair Value Adjustment at $$50,000.$