QUESTION 3 The accounting records of Jamaican Importers, Inc., at January 1, 2018, included the following: Assets: Investment in IBM common shares Less: Fair value adjustment $1,895,000 (200,000) $1,695,000 No changes occurred during 2018 in the investment portfolio. Required: Prepare appropriate adjusting entry(s) at December 31, 2018, assuming the fair value of the IBM common shares was: 1. $1,331,000 2. $1,770,000 3. $1,920,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) TTT Arial 3 (12pt) T.E E - 5. P Path: Words:0