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Which of the journal entries is required at december

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Problem 1: At December 31, 2021, Cullumber Company has an equity portfolio valued at $ 163000. Its cost was $ 134000. If the Securities Fair Value Adjustment has a debit balance of $ 8100, which of the following journal entries is required at December 31, 2021?

Option 1: Fair Value Adjustment 29000                                    Unrealized Holding Gain or Loss-Income 29000

Option 2: Unrealized Holding Gain or Loss-Income 29000             Fair Value Adjustment 29000

Option 3: Unrealized Holding Gain or Loss-Income 20900             Fair Value Adjustment 20900

Option 4: Fair Value Adjustment 20900                                     Unrealized Holding Gain or Loss-Income 20900

Reference no: EM132999027

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