On December $29,2026,$ Adams Apples purchased $1,000$ shares of General Electric common stock for $\backslash (\backslash$$ $27\backslash )$ per share. On December $31,$ the market value of the stock increased to $\backslash (\backslash$$ $28\backslash )$ per share. On January $24,2027,$ all of the shares are sold for $\backslash (\backslash$$ $30\backslash )$ per share. Describe the financial statement effects of the initial investment, any fair value adjustment needed at the end of $2026,$ and the sale in $2027.$ Complete this question by entering your answers in the tabs below. December $292026$ On December $31,$ the market value of the stock increased to $\backslash (\backslash$$ $28\backslash )$ per share. Note: Amounts to be deducted should be indicated by a minus sign$\mathrm{.}0$