Exercise 17-9 (Part Level Submission)At December 31, 2017, the available-for-sale
debt portfolio for Skysong, Inc. is as follows.
A$21,875$18,750$(3,125)B15,62517,5001,875C28,75031,8753,125 Total$66,250$68,1251,875Previous fair value adjustment balance—Dr.500 Fair value adjustment—Dr.$1,375
On January 20, 2018, Skysong, Inc. sold security A for $18,875. The sale proceeds are net of brokerage fees.Show the balance sheet presentation of the investment-related accounts at December 31, 2017. (Do not leave any answer field blank. Enter 0 for amounts.)
December 31, 2017
For the Year Ended December 31, 2017
For the Quarter Ended December 31, 2017
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