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On December 31, Mars Co. had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments

On December 31, Mars Co. had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Chipotle stock Under Armour stock Cost $ 5,400 Fair Value $ 8,200 4,400 1,000 11,500 13,000 Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet image text in transcribed

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