On December $31,$ Reggit Company held the following short$-$term investments in its portfolio of available$-$for$-$sale debt securities$.$ Reggit had no short$-$term investments in its prior accounting periods. Prepare the December $31$ adjusting entry to report these investments at fair value.

Available$-$for$-$Sale Securities

Cost

Fair Value

Verrizano Corporation bonds.

$$89,600$ cost

$$91,600$ fair value

Preble Corporation notes..

$70,600$ cost

$62,900$ fair value

Lucerne Company bonds.

$86,500$ cost

$83,100$ fair value

They also recevied $$12,000$ unrealized loss from a prior year.