Hubbard Company had the following trading securities in its portfolio at December 31.The Fair Value Adjustment-Trading account had a balance of zero prior to year-end adjustment.Prepare the appropriate adjusting journal entry. 
Definitions:
Phone Network
A communication system that connects telephone users, enabling voice and data transmission over distances.
Internet Deviants
Individuals or groups that engage in behaviors online which are considered to deviate from the norms or values of society, such as cyberbullying or illegal downloads.
Wild Frontier
A term used to describe an undeveloped, often lawless region at the edge of civilization.
More Educated
Describes individuals or populations that have attained a higher level of formal education, often associated with greater knowledge, skills, and opportunities.
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