On December 31, Reggit Company held the following short-term investments in its portfolio of available for sale debt securities. Reggit had no short-term Investments in its prior accounting periods. Available for Sale Securities Verrirano Corporation bonds Preble Corporation notes Lucerne Company bonds Cost $ 65,000 46,000 61,000 Fair Value $ 63,700 40,940 58.560 QS 15-9 (Algo) Adjusting available-for-sale debt securities to fair value LO P3 Prepare the December 31 adjusting entry to report these investments at fair value. Complete this question by entering your answers in the tabs below. Fair Value General Adjustment Journal Computation of fair value adjustment. Fair Value Adjustment Computation - Available for Sale Portfolio Unrealized Cost Fair Value Amount Verrizano Corporation bonds $ 65,000 $ 63,700 Preble Corporation notes 46,000 40.940 Lucerne Company bonds 61 000 58,560 Total $ 172.000 $ 163,200 Unrealized Loss Required information Fair Value Adjustment General Journal Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet