Question: . No chat GPT , HAND WRITTEN ONLY OTHERWISE WILL LEAVE A DOWNVOTE, E16.11 (LQ3), AP At December 31, 2022, available-for-sale debt securities Financial Statement

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HAND WRITTEN ONLY OTHERWISE WILL LEAVE A DOWNVOTE,

E16.11 (LQ3), AP At December 31, 2022, available-for-sale debt securities Financial Statement Writing for Storrer, Inc. are as follows. The securities are considered to be a long-term investment. Security c Instructions Cost $ 17,500 12,500 23,000 $53,000 Fair Value $16,000 14,000 21,000 $51,000 a. Prepare the adjusting entry at December 31, 2022, to report the securities at fair value. b. Show the statement presentation at December 31, 2022, after adjustment to fair value.

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