Required information [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- securities. Reggit had no short-term investments in its prior accounting periods. Fair Value $71,540 Available-for-Sale Securities Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Cost $73,000 54,088 69,000 48,060 66,240 Prepare the December 31 adjusting entry to report these investments at fair value. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Fair Value Adjustment Computation - Available for Sale Portfolio Cost Fair Value Unrealized Verrizano Corporation bonds Preble Corporation notes Luceme Company bonds Total $ 73,000 $ 71,540 54,000 48,060 69.000 66.240 $ 196,000 5 185,840 5 10,160 Unrealized Loss General Journal >