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At December 31, 2020, the available-for-sale debt securities for Blossom, Inc. are as follows. The securities are considered to be a long-term investment. Security Cost $17,000 12,000 22,500 $51,500 Fair Value $15,500 13,500 18,500 $47,500 - Your answer is partially correct. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles 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 Dec. 31 Unrealized Gain or Loss-Income 4000 Fair Value Adjustment-Trading 4000 Show the statement presentation at December 31, 2020, after adjustment to fair value. Blossom, Inc. Balance Sheet (Partial) December 31, 2020 Current Assets Debt Investments at fair value 47500 Investments Less : Investments 4000 4000 Blossom, Inc. Comprehensive Income Statement For the Year Ended December 31, 2020 - Other Comprehensive Income Unrealized Loss On Available-for-Sale Securities 4000