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 $ 5,800 4,100 11,400 Fair Value $ 8,000 2,400 13,500 Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet 1 ^ Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Required information [The following information applies to the questions displayed below.) The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 265,000 (134,000) $ 131,000 $ 465,000 (151,000) $ 314,000 $ 355,000 (244,000) $ 111,000 $ 485,000 (336,000) $ 149,000 During 2019, a building with a book value of $87,000 and an original cost of $385,000 was sold at a gain of $77,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2019? 3. What was the cost of buildings purchased by Anders during 2019? 1. Cash received from the sale of building $ 164,000 2. Depreciation expense Purchase of building 3