Prepare the adjusting entry at December 31, 2022, to show the securities at fair value. Pharoah has less than a 20% ownership interest in all these common stocks (C Co., D Co., and E Co.). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Fair Value Adjustment-Stock Unrealized Gain or Loss-Income C Co. 960 $45.120 D C 4,740 36,498 E Co. 1,245 27.390 On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2022, the following transactions occurred. July 1 Aug 1 Sept. 1 Oct 1 Received $2.00 per share semiannual cash dividend on D Co.common stock Received $0.50 per share cash dividend on Co.common stock. Sold 950 shares of D Co.common stock for cash at $9 per share. Sold 312 shares of C Co.common stock for cash at $58 per share. Received 51 per share cash dividend on E Co. common stock Received $0.50 per share cash dividend on Cco common stock, Received $2.20 per share semiannual cash dividend on D Co. common stock Nov. 1 Dec 15 31 At December 31, the fair values per share of the common stocks were C Co. $46, D Co. $7.50 and E Co. $26. These investments should be classified as long-term