Question: Please solve the question if you are completely sure about the solution, otherwise I will downvote it. Thanks. Brief Exercise 127 (Static) Available-for-sale securities [LO12-4]

 Please solve the question if you are completely sure about the

Please solve the question if you are completely sure about the solution, otherwise I will downvote it.

Thanks.

Brief Exercise 127 (Static) Available-for-sale securities [LO12-4] For several years Fister Links Products has held Microsoft bonds, considered by the company to be securities available-for-sale. The bonds were acquired at a cost of $500,000. At the end of 2021, their fair value was $610,000 and their amortized cost was $510,000. At the end of 2022 , their fair value was $600,000 and their amortized cost was $520,000. At what amount will the investment be reported in the December 31,2022 , balance sheet? What adjusting entry is required to accomplish this objective (ignore interest)? Complete this question by entering your answers in the tabs below. At what amount will the investment be reported in the December 31, 2022, balance sheet

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