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Satchel Corporation purchases equity securities costing $80,760 and classifies them as available-for-sale securities. At December 31, the fair value of the portfolio is $71,890. Prepare

Satchel Corporation purchases equity securities costing $80,760 and classifies them as available-for-sale securities. At December 31, the fair value of the portfolio is $71,890. Prepare the adjusting entry to report the securities properly

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