Show Attempt History Current Attempt in Progress At December 31, 2020, the available-for-sale debt portfolio for Larkspur, Inc, is as follows. Fair value adjustment-Dr. $1,265 On January 20, 2021, Larkspur, Inc. sold security A for $17,365. The sale proceeds are net of brokerage fees. Your answer is correct. Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for th. amounts.)