QUESTION 23 On January 1, 2021. Jones Company bought 5000 shares of ABC company stock. This represents 596 of the shares available from ABC Company. Jones paid $5.00 per share for the stock. During 2021 ABC earned $50,000 in net income: Paid total dividends of $20,000; and had the same number of shares available. Assume the stock is accounted for as a trading security Assume the fair value of the stock on Dec 31, 2021, is $3.00 per share What is the amount of the Fair Value Adjustment on Dec 31, 2021? a. There is no adjustment b. $10,000 debit O c $10,000 credit d. 515.000 debit