Some of Tollakson Corporation€™s investment securities are classified as trading securities and some are classified as available-for-sale. The cost and fair value of each category at December 31, 2014, were as follows.

At December 31, 2013, the Fair Value Adjustment€”Trading account had a debit balance of $3,200, and the Fair Value Adjustment€”Available-for-Sale account had a credit balance of $5,750. Prepare the required journal entries for each group of securities for December 31,2014.

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Fair Value Unrealized Gain (Loss) $(11,400) $4,200 Cost $96,300 $84,900 Available-for-sale securities $59,000 $63,200 Trading securities