Use the following information for the Quick Study below. (Algo) Skip to question [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 Cost Fair Value Verrizano Corporation bonds $ 78,000 $ 76,440 Preble Corporation notes 59,000 52,510 Lucerne Company bonds 74,000 71,040 QS 15-9 (Algo) Adjusting available-for-sale debt securities to fair value LO P3 Prepare the December 31 adjusting entry to report these investments at fair value