[The following information applies to the questions displayed below.] Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Tesla Bonds Nike Bonds Ford Bonds Cost $17,400 27,200 6,800 Fair Value $13,050 28,560 5, 440 Prepare journal entry to record the December 31 year-end fair value adjustment for the debt securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $11,400 17,600 20,100 15,800 Fair Value $16,900 27,500 30,500 21,100 Prepare journal entries to record each year-end fair value adjustment for these securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 1. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 1 Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 2. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 2 Record entry Clear entry View general Journal Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 3. Note: Enter debits before credits. Date Gene rnal Debit Credit Dec. 31, Year 3 Record entry Clear entry View general journal Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 4. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 4 Record entry Clear entry View general journal