Pacific Fishing Inc.s actively traded non-strategic investments as of December 31, 2023, are as follows:

	Cost			Fair Value
Enviroclean common shares	$	19,200		$	21,850
Northern Utilities common shares		44,350			43,330
Imperial Oil common shares		26,800			25,530
Farmer Solar Limited common shares		36,400			33,230

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.

2. Illustrate how the investments will be reported on the December 31, 2023, balance sheet.

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