Skyline,Inc A Provide the Journal Entry to Record the Adjustment of Year.The

Skyline,Inc.purchased a portfolio of available-for-sale securities during the current fiscal year.The cost and fair value of this portfolio on December 31,was as follows:
$\begin{array}{|l|c|r|r|}\hline \text { Name } & \text { Number of Shares } & \text { Total Cost } & \text { Total Fair Value } \\\hline \text { Blackstone, Inc. } & 400 & \$ 4,000 & \$ 5,200 \\\hline \text { Flagler Company } & 200 & 3,000 & 2,700 \\\hline \text { Patterson Corporation } & 600 & \underline { 7,500} & \underline { 9,800} \\\hline \text { Total } & & \underline {\$ 14,500} &\underline { \$ 17,700}\\\hline\end{array}$ a Provide the journal entry to record the adjustment of the available-for-sale security portfolio to fair value on December 31.
b Where will the information from the journal entry be reported on the financial statements?