The cost and fair value of non-strategic investments of International Journalist Corporation on December 31, 2020, and December 31, 2021, are as follows:

	Cost			Fair Value
On December 31, 2020	$	29,000			$	24,750
On December 31, 2021		29,250				32,850

Required: 1. Prepare the fair value adjustment at December 31, 2020, and December 31, 2021, based on the information provided.

2. Illustrate how the non-strategic investments will be reported on the December 31, 2020, and December 31, 2021, balance sheets.