Metlock Corporation has the following trading portfolio of debt investments as of December 31, 2020. On January 22, 2021, Metlock Corporation sold security C for $27,520. (a) Prepare the adjusting entry for Metlock Corporation on December 31, 2020, to report the portfolio at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation Debit Credit Dec. 31 eTextbook and Media List of Accounts Attempts: unlimited (b). Indicate the balance sheet and income statement presentation of the fair value data for Metlock Corporation at December 31 , 2020