Pacific Fishing Inc.'s actively traded non-strategic investments as of December 31, 2020, are as follows: Enviroclean common shares Northern Utilities common shares Imperial Oil common shares Farmer Solar Limited common shares Cost $19,200. Fair Value $21,850 44,350 43,330 26,800 25,530 36,400 33,230 Pacific Fishing Inc. had no investments prior to 2020. Required: 1. Prepare the fair value adjustment at December 31, 2020, based on the information provided. View transaction list Journal entry worksheet adiustment. Journal entry worksheet < 1 Record the fair value adjustment. Note: Enter debits before credits. Date Dec 31, 2020 General Journal Debit Credit Clear entry View general journal 2. Illustrate how the investments will be reported on the December 31, 2020, balance sheet Current assets Investments