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The cost and fair value of non-strategic investments of International Journalist Corporation on December 31, 2023, and December 31, 2024, are as follows: Cost Fair

The cost and fair value of non-strategic investments of International Journalist Corporation on December 31, 2023, and December 31, 2024, are as follows: Cost Fair Value On December 31, 2023 $ 30,500 $ 25,500 On December 31, 2024 30,000 34,350 Required: 1. Prepare the fair value adjustment at December 31, 2023, and December 31, 2024, based on the information provided.

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