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-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Verrizano Corporation bonds Preble Corporation notes Cost $ 68,000 49,000 Fair Value $ 66,640 43,610 Lucerne Company bonds 64,000 61,440 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.