Response to the following problem:
On December 31, 2011, Manhattan Co. held the following short-term available-for-sale securities.
Cost Fair Value
Nintendo Co. common stock . . . . . . . . . . . . . $68,900 $75,300
Atlantic bonds payable . . . . . . . . . . . . . . . . . . 24,500 22,800
Kellogg Co. notes payable . . . . . . . . . . . . . . . . 50,000 47,200
McDonald's Corp. common stock . . . . . . . . . 91,400 86,600
Manhattan had no short-term investments prior to the current period. Prepare the December 31, 2011, year end adjusting entry to record the fair value adjustment for these securities.