Pacific Fishing Inc's actively traded non-strategic investments as of December 31,2020 , are as follows: 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. Journal entry worksheet Record the fair value adjustment. 2. Illustrate how the investments will be reported on the December 31,2020 , balance sheet. Journal entry worksheet Record the fair value adjustment. Note: Enter debits before credits