Splish Company began operations in 2020. Since then, it has reported the following gains and losses for its equity investments in on the income statement: 2020 2021 2022 Gains (losses) from sale of securities $15,900 $(20,200) $13,300 Unrealized holding losses on valuation of securities (25,900) (15,900) Unrealized holding gain on valuation of securities 9,800 At January 1, 2023, Splish owned the following trading securities: Cost BKD Common (15,000 shares $30) $450,000 LRF Preferred (1,600 shares @ $106) 169,600 During 2020, the following events occurred: 1. Sold 4,500 shares of BKD for $153,000 2. Acquired 1,000 shares of Horton Common for $38 per share. Brokerage commissions totaled $1,000 At 12/31/23, the fair values for Splish's investments were: BKD Common, $28 per share LRF Preferred, $111 per share Horton Common, $43 per share VERSTON 4 BACK NEXT LRF Preferred, $111 per share Horton Common, $43 per share 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 32900 SHOW LIST OF ACCOUNTS Compute the aggregate cost and fair values for Splish's securities portfolio at 12/31/23. Aggregate cost $ Aggregate fair value $ SHOW LIST OF ACCOUNTS Prepare the necessary adjusting entry based upon your analysis in (b) above. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/23