Sheffield Company began operations in 2020. Since then, it has reported the following gains and losses for its equity investments in on the income statement: Gains (losses) from sale of securities Unrealized holding losses on valuation of securities Unrealized holding gain on valuation of securities BKD Common (15,000 shares @ $28) LRF Preferred (1,600 shares @ $107) At January 1, 2023, Sheffield owned the following equity securities: Cost

$420,000 During 2023, the following events occurred: 2020 171,200 $14,600 (24,200) 2021 $(19,300) 9,400 2022 $13,500 (16,000)

Compute the balance in the Fair Value Adjustment account at December 31, 2022 (after the adjusting entry for 2022 is made). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Balance in fair value adjustment account eTextbook and Media List of Accounts During 2023 , the following events occurred: 1. Sold 4,700 shares of BKD for $159,800. 2. Acquired 1,000 shares of Horton Common for $42 per share. Brokerage commissions totaled $1,000. At 12/31/23, the fair values for Sheffield's investments were: BKD Common, \$26 per share LRF Preferred, $112 per share Horton Common, $47 per share