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SnowCap Corp. has the following portfolio of common shares (without significant influence) at December 31, 2020: Investment Fair Value Cost Skiis R Us.$360,000$431,250 Outdoor Ltd.67,500465,000

SnowCap Corp. has the following portfolio of common shares (without significant influence) at December 31, 2020:

Investment Fair ValueCost

Skiis R Us.$360,000$431,250

Outdoor Ltd.67,500465,000

Carlton Corp.90,000165,000

Total$517,500$1,061,250

Instructions

Provide the entry to record the year-end adjustment for these investments, assuming SnowCap uses one control account and has adopted the FV-NI model.

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