(c) Your answer is partially correct. Try again. Compute the unrealized gains or losses. Unrealized Gain # 54,500 Prepare the adjusting entry for Blossom on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 Fair Value Adjustment 54,500 Unrealized Holding Gair 54,500Problem 17-05 (Part Level Submission) Blossom Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 3,200 shares of Anderson Co. common stock which cost $57,600, (2) 10,300 shares of Munter Ltd. common stock which cost $587,100, and (3) 6,400 shares of King Company preferred stock which cost $262,400. The Fair Value Adjustment account shows a credit of $10,800 at the end of 2020. In 2021, Blossom completed the following securities transactions. 1. On January 15, sold 3,200 shares of Anderson's common stock at $22 per share less fees of $2,010. 2. On April 17, purchased 900 shares of Castle's common stock at $34 per share plus fees of $1,880. On December 31, 2021, the market prices per share of these securities were Munter $60, King $40, and Castle $24. In addition, the accounting supervisor of Blossom told you that, even though all these securities have readily determinable fair values, Blossom will not actively trade these securities because the top management intends to hold them for more than one year