Pacific Fishing Inc.s actively traded non-strategic investments as of December 31, 2020, are as follows:

	Cost			Fair Value
Enviroclean common shares	$	17,700		$	19,600
Northern Utilities common shares		42,850			42,130
Imperial Oil common shares		25,300			24,330
Farmer Solar Limited common shares		34,900			32,030

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.

2. Illustrate how the investments will be reported on the December 31, 2020, balance sheet.