Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Trading Securities Tesla Bonds Nike Bonds Ford Bonds Cost $ 17,400 27,200 6,800 Fair Value $ 13,050 28,560 5,440 QS 15-4 (Algo) Fair value adjustment to a portfolio of trading securities LO P1 Prepare the journal entry to record the December 31 year-end fair value adjustment for these debt securities. View transaction list Journal entry worksheet 1 Record the year-end adjustment to fair value, if any