Melvin 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 $30,000. On December 31,2023 , a bond has an amortized cost of $560,0000 and the bond's fair. value is now $600,000. To adjust the securities to fair value. Melvin should record the following entry: Debit Fair Value Aujustment at $10,000. Credit Fair Value Adjustiment at $30,000. Credit Fair Value Adjustment at $70,000 Debit Fali Value Adwustinent at 40,000