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00 Part 3 of 3 Required information [The following information applies to the questions displayed below.) The accounting records of Jamaican Importers, Inc., at January 1, 2021, included the following: 10 points Assets: Investment in IBM common shares Less: Fair value adjustment $1,595,000 (170,000) $1,425,000 No changes occurred during 2021 in the investment portfolio. 3. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,610,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Credit Answer is complete but not entirely correct. Transactions General Journal Debit 1 Investment in equity securities X 185,000 Gain on investments (unrealized, NI) 1 185,00