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: $392,200 cost; $426,321 fair value. Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybridge common stock: 29,500 shares; $311,799 cost; $338,926 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge. c. Investment in Duffa bonds: $160,80 ? cost; $173,345 fair value. This investment is not readily marketable and is not classified as held-to-maturity or trading. d. Investment in Newton notes: $89,422 cost; $87,902 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; $98,050 cost; $104,129 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 avallable-for-sale debt securities prior to this year. Complete this question by entering your answers in the tabs below. Carperk had no avallable-for-sale debt securities prior to this year. 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. Complete this question by entering your answers in the tabs below. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of avallable-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year. Journal entry worksheet Record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no avaliable-for-sale debt securities prior to this year. Note: Enter debits before credts