On January 1, 2021. Sanborn Co. bought 10% of Jack Co's capital stock for $90,000. During 2021, Jack's net income was $120,000 and Jack declared a dividend of $60,000. The fair value of the shares held by Sanborn was 100,000 on December 31, 2021. Sanborn sold the stock on January 2, 2022 for $115.000. Identify the following statements that are TRUE. The journal entry on December 31, 2021 to record the fair value adjustment would include a credit to Gain on Investments (Unrealized, Net Income) of $10.000 During 2021, Sanborn recorded Investment Revenue of $12,000. During 2021, Sanborn recorded Dividend Revenue of $6,000. The journal entry on January 2, 2022 to update the fair value adjustment would include a credit to Gain on Investments (Unrealized. Other Comprehensive Income) of $25.000