x Industries manufactures silk clothing products in NYC the Controller, is reviewing x's equity portfolio on December 31, 2018, which is valued at $160,000. Its cost was $132,000. If the Fair Value Adjustment Equity Investments has a debit balance of $8,000, which of the following journal entries is required at December 31, 2018?

	a.	Unrealized Loss-Net Income 20,000 Fair Value Adjustment-Equity Investments 20,000
	b.	Unrealized Loss-Net Income 28,000 Fair Value Adjustment-Equity Investments 28,000
	c.	Fair Value Adjustment-Equity Investments 28,000 Unrealized Gain Net Income 28,000
	d.	Fair Value Adjustment-Equity Investments 20,000 Unrealized Gain-Net Income 20,000