Pacific Fishing Inc.s non-strategic investments as of December 31, 2017, are as follows:

	Cost	Fair Value
RIM common shares	$17,600	$19,450
Northern Electric common shares	42,750	42,050
Imperial Oil common shares	25,200	24,250
Inco Limited common shares	34,800	31,950

Pacific Fishing Inc. had no investments prior to 2017.

Required: 1. Prepare the fair value adjustment at December 31, 2017, based on the information provided. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Illustrate how the investments will be reported on the December 31, 2017, balance sheet.