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[The following information applies to the questions displayed below.) On December 31, Mars Company had the following portfolio of stock Investments with insignificant influence. Mars

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[The following information applies to the questions displayed below.) On December 31, Mars Company had the following portfolio of stock Investments with insignificant influence. Mars had no stock Investments in prior periods. Stock Investments Cost Fair Value Apple stock $ 6,200 $ 8,500 Chipotle stock 3,400 1,200 Under Armour stock 10,800 12,200 Exercise 15-10 (Algo) Fair value adjustment to stock investments with insignificant influence LO P4 Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet

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