Swisher Company has these data at December 31, 2014:

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.

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Cost Securities Trading Available-for-sale $110,000 100,000 Fair Value $122,000 96,000