What is the answer for Part C?

What is the Fair Value Adjustment Debit and what is the Unrealized Holding Gain or Loss Equity Credit? And the account for the $4900?

Problem 17-03 (Part Level Submission)

Pharoah Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions.

Feb. 1, 2020		Sharapova Company common stock, $110 par, 220 shares		$33,800
April 1		U.S. government bonds, 10%, due April 1, 2030, interest payable April 1 and October 1, 108 bonds of $1,000 par each		108,000
July 1		McGrath Company 12% bonds, par $47,700, dated March 1, 2020, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2040		51,516

Problem 17-03 (Part Level Submission) Pharoah Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. $33,800 Feb. 1, 2020 April 1 108,000 Sharapova Company common stock, $110 par, 220 shares U.S. government bonds, 10%, due April 1, 2030, interest payable April 1 and October 1, 108 bonds of $1,000 par each McGrath Company 12% bonds, par $47,700, dated March 1, 2020, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1, 2040 July 1 51,516 (a) Your answer is correct. Prepare entries necessary to classify the amounts into proper accounts, assuming that the debt securities are classified as available-for-sale. (Credit account titles are autom 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 Debt Investments 157608 Equity Investments 33800 Interest Revenue 1908 Investment 193316 clialif (b) Your answer is correct. Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2020, using the straight-line method. (Round answers to 0 decimal places, e.g. 2,500. 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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Interest Receivable 7470 Debt Investments 49 Interest Revenue 7421 Click if you would like to Show Work for this question: Open Show Work CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION A BACK NEXT (C) Your answer is partially correct. Try again. The fair values of the investments on December 31, 2020, were: $28,900 Sharapova Company common stock U.S. government bonds McGrath Company bonds 125,900 63,400 What entry, if any, would you recommend be made? (Round answers to O decimal places, e.g. 2,500. 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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Fair Value Adjustment 26841 Unrealized Holding Gain or Loss - Equity 26841 (Entry for debt investment) Equity Investments 4900 Fair Value Adjustment 4900 (Entry for equity investment) Click if you would like to Show Work for this question: Open Show Work