Shyine, Inc, purchased a portfolo of avalable-fon-alaie securities during the current fiscal vsar. The cost and tair value of this portfolis on December 31 nere as folions: Required: a. Journwize the adjusting entry for the fair value of the portolio of securities on Desember 31. If an amount bor daes not require an elitry, leave i Elank. Dec. 31 b. Where will the informatien from the fournal antry be repocted on the financiel statements? The will be reported on the bulance sheet as pert of stockbolders equay. The wit increase the value of the portfolio in the Assuti sectich on the belancar sheet