On December 21, 2020, Bridgeport Company provided you with the
following information regarding its equity investments.
Securities
Cost
Fair Value
Unrealized
Gain
(Loss)
SC Corp. stock
$39,100
34,980
$(4,120
)
True Co. stock
53,500
60,060
6,560
Plus, Inc. stock
30,400
30,124
(276
)
Total of portfolio
$123,000
$125,164
2,164
Previous fair value adjustment
balance
-0-
Fair value adjustment – Dr.
$2,164
During 2021, the Plus, Inc. stock was sold for $30,940. The fair
value of the stock on December 31,...