December $31,20Y7,$ is $$728,000.$

$20$Y$7$ Feb. $24$

$20Y7$ Dec. $31$

b$.$ How is a unrealized gain or loss for trading investments reported on the financial statements?

The unrealized gain or unrealized loss on trading investments is reported on the

$($or a separate item if significant$).$ Unrealized losses would be

in determining net income, while unrealized gains would be

$?$ in determining net income..

c$.$ If the Raiders Inc. securities had been classified as available$-$for$-$sale securities$,$ how would the investment be reported on the financial statements?

The unrealized gain on available$-$for$-$sale investments would be reported as

The debit balance of Valuation Allowance for Available$-$for$-$Sale Investments

would be

to the balance of the investments account of $$560,000$ to report the fair value of $$728,000$ on the