A company has the following investment activity during 2013 and 2014:

Required
a. Prepare the journal entries to record the above information for 2013 and 2014, including appropriate adjustments to other comprehensive income, assuming the company's reporting year ends December 31.
b. Show how this information is presented in the company's financial statements for 2013 and 2014.
c. If the company designated all the securities as trading securities, how would your answer to part b change? Comment on the income effect of classifying the AFS securities as trading securities.

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Date of Fair value at Date of Selling Fair value at Security Type Acquisition Cost 12/31/13 Sale Price 12/31/14 Trading 3/5/13 $350,000 7/14/13 Trading 9/1/14 400,000 8/2/13 11/20/13 4/6/14 N/A $252,000 NVA 190,000 250,000 N/A N/A N/A $410,000 N/A 215,000 690,000 6/3/13 $325.000 1/15/14 235,000 Trading 225,000 N/A N/A 4/2/14 213,000 DAFS AFS F.AFS 175,000 300,000 710,000 N/A N/A N/A N/A