Required Information [The following information applies to the questions displayed below.] The accounting records of Jamaican Importers, Inc., at January 1, 2021, Included the following: Assets: Investment in IBM common shares Less: Fair value adjustment $1,695,800 (188,880) $1,515, eee No changes occurred during 2021 In the Investment portfolio. Required: 1. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,267,000 (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) 2. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,570,000 (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) 3. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,730,000 (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.)