On December 31, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. Answer is not complete. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General 1 General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available-for-Sale Securities Cost Fair Value Unrealized Amount Nintendo Co. notes Atlantic bonds Kellogg Co. notes McDonald's Corp. bonds Totals $ 82,700 $ 90,143 33,080 30,764 59,544 55,971 111,645 106,063 $286,969 $282,941 Fair Value Adjustment General Journal Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. Answer is not complete. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal 1 Dec 31 Unrealized loss - Equity Fair value adjustment - AFS < Fair Value Adjustment General Journal Debit Credit 3,545 3,545