QUESLUITIUIO .7 10 View Policies Current Attempt in Progress Grouper Company has the following investments in its investment portfolio on December 31, 2022 (all investments were purchased in 2022): (1) 3,100 ordinary shares of Anderson Co.which cost $62,000, (2) 10,500 ordinary shares of Munter Ltd. which cost $609,000, and (3) 6,200 preference shares of King Company which cost $266,600. The Fair Value Adjustment account shows a credit of $9,300 at the end of 2022 In 2023, Grouper completed the following investment transactions. 1. On January 15, sold 3,100 ordinary shares of Anderson at $22 per share less fees of $2,190. On April 17. purchased 1,000 ordinary shares of Castle at $33 per share plus fees of $1,990. 2. On December 31, 2023, the fair values per share of these investments were: Munter $65, King $40, and Castle $24. Grouper classifies these investments as trading. (a) (c) ) Compute the unrealized gain or loss adjustment needed. Unrealized $ Prepare the adjusting entry for Grouper on December 31, 2023. (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 o for the amounts.) Debit Cr Date Account Titles and Explanation Dec. 31. 2023 e Textbook and Media List of Accounts Save for Later