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 common shares Less: Fair value adjustment $1,745,000 (185,000) $1,560,000 No changes occurred during 2021 in the investment portfolio. 3. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,755,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a View transaction list Journal entry worksheet Record the fair value adjustment assuming the fair value of the IBM common shares was $1,755,000. Note: Enter debits before credits. Transactions General Journal Debit Credit 1 Record entry Clear entry View general journal