Required information 2017 2018 2019 Prepare journal entries to record the preceding transactions and events for Selk. Also prepare an entry dated January 2, 2019, to remove any balance related to the fair value adjustment. View transaction list View journal entry worksheet No 1 Date Jan 02, 2019 Credit General Journal Cash Long-term investments-AFS (Kildaire) Gain on sale of investments Debit 2,255,000 2.052,500 202,500 2 Jan 02, 2019 Unrealized gain-Equity Fair value adjustment-AFS (LT) 372,000 372,000