The following information is available forBrambleCompany at December 31, 2020, regarding its investments.

The following information is available for Bramble Company at December 31, 2020, regarding its investments. Securities Cost Fair Value 2,500 shares of Myers Corporation Common Stock $39,700 $47,400 1,100 shares of Cole Incorporated Preferred Stock 24,400 21,100 $64,100 $68,500 (a) Prepare the adjusting entry (if any) for 2020, assuming no balance in the Fair Value Adjustment account at January 1, 2020. Neither of Bramble'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 0 for the amounts.) Account Titles and Explanation Debit Credit Debit Fair value adjustment Trading 4400 Credit Unrealized Holding gain income 4400