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The accounting records of Jamaican Importers, Inc., at January 1, 2021, included the following:

Assets:
Investment in IBM common shares	$	2,145,000
Less: Fair value adjustment		(225,000	)
	$	1,920,000

No changes occurred during 2021 in the investment portfolio.

3. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $2,165,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)