OS 154 Fair value adjustment-non-strategic Log Dynamic Express Inc. prepared the summary shown below regarding its investments on December 31, 2020, its yearend. Prepare the appropriate entry on December 31, 2020, to record the fair value adjustment, Non Strategie adjusted Fair Values Investments Balance at Dec. 31/20 al Dec. 31/20 Zelco shares $102,000 $ 98,000 IMC shares 540,000 547,000 Petra shares 96.000 48,000 The following are the non-strategic investment transactions of Wiki Garden Tool Inc. Assume each bond acquired is purchased with the intention to actively trade. 2020 Feb 1 Paid $130,000, plus $200 in transaction fees to purchase a $134,000, four-year, 4.5% bond payable of Capital Inc. dated Feb. 1. Interest is paid semiannually beginning August 1. Mar. 29 Bought 110,000 common shares of Regina Inc. for a total of $94, 160, plus paid an extra $500 for transaction fees. May 7 Regina Inc.'s board of directors declared a total dividend of $535,000 regarding the total 3,500,000 shares issued and outstanding. The date of record is May 30, payable June 15. June 1 Paid $149,000 including $500 in transaction fees to purchase a five-year, 7.5%, $140,000 bond payable of Yates Corporation. Interest is paid annually each May 30. 15 Received a cheque regarding the dividends declared on May 7. Aug. 1 Received a cheque from Capital Inc. regarding seniannual interest. 1 Sold the Capital Inc. bond at 98. 17 Purchased 85,000 Tech Inc. common shares at $8.00 plus $400 in transaction fees. Dec. 1 Sold 85,000 of the Regina Inc. shares at $0.95 and incurred $250 in transaction fees. 31 Accrued interest on the Yates bond. Fair values of the equity securities on this date were Regina, $1.15; Tech Inc., $6.50. Assume that the carrying value of the Yates bond was equal to its fair value. 2021 30 Received a cheque fron Yates Corporation regarding annual interest. May Prepare entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to the nearest whole dollar.)