QS $15-5$ Fair value adjustment$-$non$-$strategic LO$3$

Wind Industries had selected unadjusted balances as shown below at year$-$end. A search on the Internet showed fair values on December $31,2023,$ of CashCo, $$18$; Wells, $$0\mathrm{.}70.$ Prepare the appropriate entry on December $31,2023,$ to record the valuation adjustment.

Non$-$Strategic Investments is CashCo shares $(21,250$ shares$),$ and Unadjusted Balance at Dec. $31/23$ is $$340,000$

Non$-$Strategic Investments is Wells shares $(45,000$ shares$),$ and Unadjusted Balance at Dec. $31/23$ is $$34,000$