The following information is available for Skysong Company at December 31, 2020, regarding its investments. Securities Cost 3,000 shares of Myers Corporation Common Stock $43,100 900 shares of Cole Incorporated Preferred Stock 25,500 $68,600 Fair Value $52,700 22,800 $75,500 (a) Prepare the adjusting entry (if any) for 2020, assuming no balance in the Fair Value Adjustment account at January 1, 2020. Neither of Skysong's Investments result in significant influence. Assume the securities as trading securities. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit