CNA Financial Corporation provides the following footnote to its 2012 10-K report.

The following table provides a summary of fixed maturity and equity securities.

a. At what amount does CNA report its investment portfolio on its balance sheet? In your answer identify the portfolio's fair value, cost, and any unrealized gains and losses.

b. How do CNA's balance sheet and income statement reflect any unrealized gains and/or losses on the investment portfolio?

c. How do CNA's balance sheet and income statement reflect gains and losses realized from the sale of available-for-sale securities?

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Valuation of investments The company classifies its fixed maturity securities and its equity securities as either available-for-sale or trading, and as which, they are carried at fair value. Changes in fair value of trading securities are reported within Net investment income on the Consolidated Statements of Operations. Changes in fair value related to available-for-sale securities are reported as a component of Other comprehensive income....Losses may be recognized within Net realized investment gains (losses) on the Consolidated Statements of Operations when a decline in value is determined by the Company to be other-than-temporary.