Pacific Fishing Inc.'s actively traded non-strategic investments as of December 31, 2020, are as follows: Enviroclean common shares Northern Utilities common shares Imperial Oil common shares Farmer Solar Limited common shares Cost $19,600 44,750 27, 2ee 36,800 Fair Value $22,450 43,650 25,850 33,550 Pacific Fishing Inc. had no investments prior to 2020. Required: 1. Prepare the fair value adjustment at December 31, 2020, based on the information provided. View transaction list Journal entry worksheet 1 Record the fair value adjustment. ore credits. .: . Required: 47 1. Prepare the fair value adjustment at December 31, 2020, based on the information provided. View transaction list 6 points Journal entry worksheet 01:56:44 1 > Record the fair value adjustment. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2020 01:56:31 Record entry Clear entry View general journal 2. Illustrate how the investments will be reported on the December 31, 2020, balance sheet. Current assets: Investments