Question 1 --/1 View Policies Current Attempt in Progress The following information is available for Nash Company at December 31, 2020, regarding its investments. Cost Securities Fair Value $40,200 $48,200 2,400 shares of Myers Corporation Common Stock 21,600 900 shares of Cole Incorporated Preferred Stock 24,500 $64,700 $69,800 (a) Prepare the adjusting entry (if any) for 2020, assuming no balance in the Fair Value Adjustment account at January 1, 2020. Neither of Nash's investments result in significant influence. Assume the securities as trading securities. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit