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. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available-for-Sale Securities Cost Fair Value Unrealized Amount Nintendo Co. notes $ 76,400 $ 83,276 Atlantic bonds 30,560 28,421 Kellogg Co. notes 55,008 51,708 McDonald's Corp. bonds 103,140 97,983 $ 265,108 $ 261,388 Totals Exercise 15-6 Multiyear fair value adjustments to available-for-sale debt securities LO P3 Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $11,300 17,100 19,400 14,500 Fair Value $17,000 27,100 31,600 21,300 Prepare journal entries to record each year-end fair value adjustment for these securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 1. Note: Enter debits before credits. Glacial Co. has the following equity investments. MIKerrok Stock-Owns 95% of the voting common stock and has controlling influence. Foxlokk Stock-Owns 6% of the voting common stock and has insignificant influence. koyoku Stock-Owns 41% of the voting common stock and has significant influence. (a) Which of the following companies would be considered a subsidiary of Glacial? O MIKerrok O Foxlokk O koyoku (b) How are individual assets and liabilities of the parent and its subsidiary(ies) reported? O Combined on one consolidated balance sheet. O At Fair Value on separate balance sheets. O At Cost on separate balance sheets. O Combined on one consolidated income statement