Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Cost $ 71,000 52,000 67,000 Fair Value $ 69,580 46,280 64,320 S 15-9 (Algo) Adjusting available-for-sale debt securities to fair value LO P3 repare the December 31 adjusting entry to report these investments at fair value. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Fair Value Adjustment Computation - Available for Sale Portfolio Cost Fair Value Unrealized Amount $ errizano Corporation bonds reble Corporation notes ucerne Company bonds 71,000 52,000 67,000 $ 69,580 46,280 64,320 $ 180,180 otal $ 190,000 Unrealized Loss Required information Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet Record the year-end adjusting entry for the securities portfolio