Q8. On Jan 1, 2019 Darjeeling Inc. purchased a debt investment portfolio. It was Held for Collection and Selling. Information taken from the investment's amortization schedule is shown below with related fair values. Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Amortized Cost S 491,150 Fair Value 519,442 496,000 $10,000 550,000 550,000 Prepare the Portfolio and Adjusting Entries to report the bonds at fair value in each of three years [3 marks] Debt Investment Portfolio Dec 31, 2019 Amortized Cost Fair Value Unrealized Gain Bond FVA Dec 2019 Adjusting Entry Dr. Cr. (Loss) Debt Investment Portfolio Dec 31, 2020 Amortized Cost Fair Value Unrealized Gain (Loss) Bond Previous FVA balance FVA adjustment Dec 2020 Adjusting Entry Dr. Cr. Debt Investment Portfolio Dec 31, 2021 Amortized Cost Fair Value Unrealized Gain (Loss) Bond Previous FVA balance FVA adjustment Dec 2021 Adjusting Entry Dr. Cr.