The following information shows Carperk Company's individual Investments in securities during its current year, along with the December 31 fair values, a. Investment in Brava Company bonds: $431,250 cost, $468,769 fair value. Carperk Intends to hold these bonds until they mature in 5 years b. Investment In Baybridge common stock: 29,500 shares, $342,844 cost, $372,671 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge, c. Investment in Duffa bonds: $176,813 cost: $190.604 fair value. This investment is not readily marketable and is not classified as held- to-maturity or trading d. Investment in Newton notes: $98,325 cost; $96.653 fair value, Newton notes are not readily marketable and are not classified as held-to-maturity or trading. e. Investment in Farmers common stock: 16,300 shares: $107,813 cost; $114,497 fair value. This stock is marketable, and Carperk Intends to sell it within the year. This stock investment results in Carperk having an insignificant influence over Farmers. Required: 1. Identify whether each investment should be classified as a short-term or long-term Investment. For each investment, indicate in which of the six Investment classifications it should be placed. 2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year