On December 31, 2011, Tagert Company held the following short-term investments in its portfolio of available-for-sale securities. Tagert had no short-term investments in its prior accounting periods. Prepare the December 31, 2011, adjusting entry to report these investments at fair value.

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Cost Fair Value Verrizano Corporation bonds payable Porter Corporation notes payable Laverne Company common stock 81,400 54,900 100,500 $92,000 47,928 96,480