Required information [The following information applies to the questions displayed below.] The accounting records of Jamaican Importers, Incorporated, at January 1, 2024, included the following: No changes occurred during 2024 in the investment portfolio. equired: Prepare appropriate adjusting entry(s) at December 31, 2024, assuming the fair value of the IBM common shares was $1,187,00 lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required information [The following information applies to the questions displayed below.] The accounting records of Jamaican Importers, Incorporated, at January 1 , 2024, included the following: No changes occurred during 2024 in the investment portfolio. Required: 1. Prepare appropriate adjusting entry(s) at December 31,2024 , assuming the fair value of the IBM common shares was $1,187,000