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Required information [The following information applies to the questions displayed below.] On December 31, Mars Company had the following portfolio of stock investments with insignificant

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Required information [The following information applies to the questions displayed below.] On December 31, Mars Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Fair Value Apple stock $ 6,100 $ 8,100 Chipotle stock Under Armour stock 10,900 14,600 Cost 3,400 1,500 Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet

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