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.

Computation of fair value adjustment.

Computation of Fair Value Adjustment
Available-for-Sale Securities	Cost	Fair Value	Unrealized Amount
Nintendo Co. notes	$88,900	$96,901
Atlantic bonds	35,560	33,071
Kellogg Co. notes	64,008	60,168
McDonald's Corp. bonds	120,015	114,014
Totals	$308,483	$304,154