Required information [The following information applies to the questions displayed below.) Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Cost Fair Value Tesla Bonds $17,700 $13,275 Nike Bonds 27,600 28,980 Ford Bonds 6,900 5,520 Prepare journal entry to record the December 31 year-end fair value adjustment for the debt securities. View transaction list Journal entry worksheet