Pacific Fishing Inc.'s actively traded non-strategic investments as of December 31, 2023, are as follows: Enviroclean common shares Northern Utilities common shares Imperial Oil common shares Farmer Solar Limited common shares Cost Fair Value $17,600 $19,450 42,750 42,050 25,200 24,250 34,800 31,950 Pacific Fishing Inc. had no investments prior to 2023. Required: 1. Prepare the fair value adjustment at December 31, 2023, based on the information provided.