The cost of the trading debt securities of Sheridan Company at December 31, 2020, Is $58.500. At December 31, 2020, the fair value of the securities is $55,650. Prepare the adjusting entry to record the securities at fair value. (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 for the amounts: Date Account Titles and Explanation Credit Debit Dec. 31 The cost of the trading securities of Cullumber Company at December 31, 2020, $51.000. At December 31, 2020, the tale value of the securities is $48.900 Show the financial statement presentation of the trading securities and related accounts. CULLUMBER COMPANY Balance Sheet (Partial) CULLUMBER COMPANY Income Statement (Partial) In its first year of operations. Ivanhoe Corporation purchased as a long-term investment, available-for-sale debt securities conting $67.000. At December 31, 2020. the fair value of the securities is 562,300, Prepare the adjusting entry to record the securities at Yair value. (Credit account titles are automatically indented when amount is entered Do not indent manually no entry is required, select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31