Exercise A1-18 (Algorithmic) Trading Securities . Tolland Financial began operations in 2022 and invests in securities classified as trading securities. During 2022, it entered into the following trading security transactions: Purchased 15,500 common shares of DTR at $48.50 per share Purchased 13,000 common shares of MJO at $20.00 per share At December 31, 2022, DTR's common shares were trading at $58.50 per share and MJO's common shares were trading at $15.00 per share. Required: 1. Prepare the necessary adjusting entry to value the trading securities at fair market value. For those boxes in which no entry is required, leave the box blank. 2022, Dec. 31 (Record trading securities at fair value) 2. CONCEPTUAL CONNECTION: What is the statement of earnings effect of this adjusting entry? The unrealized gain for the DTR shares will increase income by 5 whereas the unrealized loss of the MJO shares will decrease income by S This will have a net combined effect of a s on income reported on the statement of earnings for the period