King George Company Has These Data at December 31, 2017

Essay

King George Company has these data at December 31, 2017: $\begin{array}{lrr}\text { Debt Securities } & \text { Cost } & \text { Fair Value }\\\text { Trading } & \$ 110,000 & \$ 119,000 \\\text { Available-for-sale } & 100,000 & 95,000\end{array}$ The available-for-sale securities are held as a long-term investment.
Instructions
(a) Prepare the adjusting entries to report each class of securities at fair value.
(b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts.