30 At December 31, 2017, Gregson Inc. has these data on its security investments: Security Trading Non-trading Cost $280,000 274,000 Fair Value 12/31/17 $344,000 250,000 If the non-trading securities are held as long-term investments, which of the following will be recorded to adjust the securities to fair value? a. Fair Value Adjustment-Trading... Unrealized Gain-Income....... Unrealized Gain or Loss-Equity Fair Value Adjustment-Non-Trading b. Unrealized Loss-Income c. Securities Securities........... Unrealized Gain-Income... 64,000 64,000 24,000 24,000 24,000 4,000 28,000 ...40,000 Unrealized Gain-Income ............ 40,000 d. Unrealized Gain-Income.......... 64,000 Fair Value Adjustment-Trading 64,000 Fair Value Adjustment-Non-Trading.. 24,000 Unrealized Gain or Loss-Equity... 24,000