Valuing Available for Sale Securities at Fair Value On January 1, Valuation Allowance for Available for Sale Investments had a zero balance. On December 31, the cost of the available for sale securities was $90,000, and the fair value was $92,460. Prepare the adjusting entry to record the unrealized gain or loss on available for sale investments on December 31 Dec 31 Valuation Allowance for Available for Sale Investments 2,100 X Unrealized Gain (Loss) on Available-for-Sale Investments 2.100 X Check My W The unrealed gain or loss is reference between the securities cost and therfor value. The offsetting account is Valuation Alowance for Ave For Sale investments