Investor Co$.$ purchased equity security X as a trading security at a cost of $$158,000$ on December $31,20$A$1.$ Investor transferred its investment in security X from trading to available$-$for$-$sale on December $31,20$A$2$ because Investor plans to retain the security as a long$-$term investment. The fair value of the security at December $31,20$A$2$ is $$168,000.$ The entry to record the transfer will include a debit to Available for Sale $-$ Security X $$168,000.$

$$ True.

False.