Required information Skip to question [The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Cost Fair Value Verrizano Corporation bonds $ 71,000 $ 69,580 Preble Corporation notes 52,000 46,280 Lucerne Company bonds 67,000 64,320 Prepare the December 31 adjusting entry to report these investments at fair value.