part b

At December 31, 2020, the available-for-sale debt portfolio for Windsor, Inc. is as follows. Security Cost Fair Value $18,375 $15,750 B 13,125 14,700 24,150 26,775 Total $55,650 $57,225 Previous fair value adjustment balance Dr. Fair value adjustment-Dr. Unrealized Gain (Loss) $12,625) 1,575 2,625 1,575 420 $1.155 On January 20, 2021, Windsor, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. (a) Your answer is correct Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Account Titles and Explanation Fair Value Adjustment Debit Credit 1.155 Unrealized Holding Gain or loss - Equity 1.155 (b) Your answer is partially correct Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter for amounts.) WINDSOR, INC Balance Sheet December 31, 2020