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 Connon shares Less Fair value adjustment $1,495,00 (160,000) 31,335,000 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: 51211.000 (14 no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transactions View journal entry worksheet No Transactions General Journal Debit Credit + 124.000 Loss on investments (unrealed. NI) Fair value adjustment 124.000 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 TIM Coron shares Less: Fair value adjustment $1,405, (100,00) 31,335,000 No changes occurred during 2021 in the investment portfolio 2. Prepare appropriate adjusting entry(s) at December 31 , 2021. assuming the fair value of the IBM common shares was: $1,350.000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transactions View journal entry worksheet Transactions General Journal Debit Credit No 1 15,000 Gain on investments (unrealized. ND Fair value adjustment 15,000