engage /takeAssignment/takeAssignment Main.do?invokerStake AssignmentSession Locator &inprogressefalse * = OO eBook Calculator Print Item Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 7,000 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $14 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $12 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December 31, Year 1. Year 1 Sept. 12 Year 1 Dec. 31 A b. How is the unrealized gain or loss for available for sale investments disclosed on the financial statements? Unrealized Gain (Loss) on Available for Sale Investments is reported in the of the 7:44 PM @ Aro 4/28/2020