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Exercise H-06 a-b At December 31, 2020, the trading debt securities for Blossom, Inc. are as follows. Security Cost Fair Value A $17,486 $16,930 B

Exercise H-06 a-b At December 31, 2020, the trading debt securities for Blossom, Inc. are as follows. Security Cost Fair Value A $17,486 $16,930 B 12,790 15,040 24,210 18,980 Total $54,486 $50,950 Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account title Debit Credit Date Account Titles and Explanation Dec. 31 Show the balance sheet presentation at December 31, 2020, after adjustment to fair value. Blossom, Inc. (Partial) Balance Sheet Show the income statement presentation at December 31, 2020, after adjustment to fair value. Blossom, Inc. Income Statement $

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