Practice Exercise 17-3 On December 21, 2017, Coronado Company provided you with the following information regarding its equity investments Unrealized Gair Securities SC Corp. stock True Co. stock Plus, Inc. stock Total of portfolio Previous fair value adjustment balance Fair value adjustment Dr Loss) $(3,630) Cost Fair Value 38,970 53,100 60,240 25,977 $122,000 125,187 $42,600 7,140 (323) 3,187 26,300 $3,187 During 2018, the Plus, Inc. stock was sold for $26,800. The fair value of the stock on December 31, 2018, was: SC Corp. stock-$39,720: True Co. stock-$55,460. None of the equity investments result in significant influence. Prepare the adjusting journal entry needed on December 31, 2017. (Credit account tities 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 SHOW LEST OF ACCOUNTS