The accounting records of Jamaican Importers, Inc., at January 1, 2018, included the following: Assets Investment in IBM common shares Less: Fair value adjustment $2,145,000 (225,000) $1,920,000 No changes occurred during 2018 in the investment portfolio Required: Prepare appropriate adjusting entry(s) at December 31, 2018, assuming the fair value of the IBM common shares was: 1. $1,401,000 2. $1,946,000 3. $2,165,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record the fair value adjustment assuming the fair value of the IBM common shares was $1,401,000. ommon Laut 1 Record the fair value adjustment assuming the fair value of the IBM common shares was $1,401,000. ommon 2 Record the fair value adjustment assuming the fair value of the IBM common shares was $1,946,000. 3 Record the fair value adjustment assuming the fair value of the IBM common shares was $2,165,000. Crec