Exercise 17-09 At December 31, 2020, the available-for-sale debt portfolio for Sheridan, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $36,750 $31,500 $(5,250 ) B 26,250 29,400 3,150 C 48,300 53,550 5,250 Total $111,300 $114,450 3,150 Previous fair value adjustment balanceDr. 840 Fair value adjustmentDr. $2,310 On January 20, 2021, Sheridan, Inc. sold security A for $31,710. The sale proceeds are net of brokerage fees.

Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (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 0 for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter 0 for amounts.) SHERIDAN, INC Balance Sheet December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-term Investments Long-term Liabilities Additional Paid-in Capital Property, Plant and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $ Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-term Investments Long-term Liabilities Additional Paid-in Capital Property, Plant and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-term Investments Long-term Liabilities Additional Paid-in Capital Property, Plant and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-term Investments Long-term Liabilities Additional Paid-in Capital Property, Plant and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity AddLess : Accumulated other Comprehensive Income Accumulated other Comprehensive Loss Common Stock Current Assets Current Liabilities Debt Investments Equity Investments Intangible Assets Long-term Investments Long-term Liabilities Additional Paid-in Capital Property, Plant and Equipment Retained Earnings Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Accumulated other Comprehensive IncomeAccumulated other Comprehensive LossCommon StockCurrent AssetsCurrent LiabilitiesDebt InvestmentsEquity InvestmentsIntangible AssetsLong-term InvestmentsLong-term LiabilitiesAdditional Paid-in CapitalProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity $