Balance SheetAssets LiabilitiesCurrent Assets Current LiabilitiesCash 48 Accounts payable 35Accounts receivable 25 Notes payable/short-term debt 5Inventories 16Total current assets 89 Total current liabilities 40Long-Term Assets Long-Term LiabilitiesNet property, plant, and equipment 121 Long-term debt 137Total long-term assets 121 Total long-term liabilities 137Total Liabilities 177Stockholders' Equity 33Total Assets 210 Total Liabilities and Stockholders' Equity 210The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. How would the balance sheet change if the company's long-term assets were judged to depreciate at an extra $5 million per year?a. Net property, plant, and equipment would rise to $126 million, and total assets and stockholders' equity would be adjusted accordingly. b. Net property, plant, and equipment would fall to $116 million, and total assets and stockholders' equity would be adjusted accordingly. c. Long-term liabilities would rise to $131 million, and total liabilities and stockholders' equity would be adjusted accordingly. d. Long-term liabilities would fall to $111 million, and total liabilities and stockholders' equity would be adjusted accordingly.

Ticker services began operations in 2015 and maintains long-term investments in available-for-sale securities. the year-end cost and fair values for its portfolio of these investments follow.portfolio of available-for-sale securities cost fair valuedecember 31, 2015 $ 369,060 $ 357,988 december 31, 2016 420,728 445,972 december 31, 2017 572,190 676,901 december 31, 2018 864,007 768,966 prepare journal entries to record each year-end fair value adjustment for these securities.calculation adjustment required to fair value adjustment.12/31/15 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/16 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/17 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/18 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) record the year-end adjusting entry for the securities portfolio as of december 31, 2015.date general journal debit creditdec 31, 2015 record the year-end adjusting entry for the securities portfolio as of december 31, 2016.date general journal debit creditdec 31, 2016 record the year-end adjusting entry for the securities portfolio as of december 31, 2017.date general journal debit creditdec 31, 2017 record the year-end adjusting entry for the securities portfolio as of december 31, 2018.date general journal debit creditdec 31, 2018