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Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. Prepare journal entries to record each year-end fair value adjustment for these securities. Portfolio of Available-for-Sale Securities Cost Fair Value December 31, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $372,000........$360,860 December 31, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 428,500...........455,800 December 31, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,200...........700,500 December 31, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 876,900...........780,200
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