On its December 31, 2019, balance sheet, Your Co. reported its investment in equity securities, (which had cost $48,000 plus $2,000 in broker fees), at fair value of $62,000. Your Co. does not have significant influence in any of the securities. At December 31, 2020, the fair value of the securities was $60,000 and they reported net income of $5,000. The securities also paid Your Co. $500 in dividends. Record the purchase of the securities. Record the Fair Value Adjustment on December 31, 2019 assuming a $0 balance in the Fair Value Adjustment account. Record journal entries needed on December 31, 2020.