VURDURURG At December 31, 2020, the trading securities for Blossom, Inc. are as follows Security A B Cost $17,000 12.100 22,900 $52,000 Fair Value $15,700 14,100 19,000 $40,000 (a) your answer is correct Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Crot accountities are wortically indeed when it is entered Indent manually. If 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 Unrealized Gain of Lossein 3200 Fale Value Adjustment- 3200 (b) Show the balance sheet and income statement presentation at December 31, 2020, after adjustment to fair value. Blossom, Inc. Balance Sheet (Partial) Blossom, Inc. Income Statement (Partial) v 5