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 Connon Shares Farmer Solar Limited connon shares Cost $19,400 44,550 27,000 36,600 Fair Value $22,150 43,490 25.690 33,990 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 1 Record the fair value adjustment Note: Enter bits before credit General Journal Date Dec 31, 2020 Debit Credit Record entry Clear entry View general Journal 2. Hustrate how the investments will be reported on the December 31, 2020, balance sheet. Current assets Investments