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At December 31, 2013, the available-for-sale equity portfolio for Steffi Graf, Inc. is as follows
| Security | | Cost | | Fair Value | | Unrealized Gain (Loss) |
| A | | $25,760 | | $22,080 | | $(3,680 | ) |
| B | | 18,400 | | 20,608 | | 2,208 | |
| C | | 33,856 | | 37,536 | | 3,680 | |
| Total | | $78,016 | | $80,224 | | 2,208 | |
| Previous fair value adjustment balanceDr. | | 294 | |
| Fair value adjustmentDr. | | $1,914 | |
On January 20, 2014, Steffi Graf, Inc. sold security A for $22,522. The sale proceeds are net of brokerage fees.
A: Prepare the adjusting entry at December 31, 2013, to report the portfolio at fair value.
B: Show the balance sheet presentation of the investment-related accounts at December 31, 2013
C: Prepare the journal entry for the 2014 sale of security A.
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