Question 7 At December 31, 2020, the trading securities for Sheridan, Inc. are as follows. Security Cost Fair Value A B $17,800 12,000 22,900 $52,700 $16,300 13,600 19,400 $49,300 C (a) Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles 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 Click if you would like to Show Work for this question: Open Show Work