Hello, could you please help me with this problem? I already have an answer in Question 1 and with Question 2 I'm having a hard time thinking if it will be just the same answer as number one because the process would be the same. And it did not mention that some of the securities will be for trading or not. And for question 3 i don't know how it will be different if it will be a medium-sized entity. Thank youuu

2. City Company purchased the following portfolio of equity instruments during 2012 and reported the following balances at December 31, 2012. No sales occurred during 2012. All declines are considered to be temporary. Security Cost 12/31/12 Market Value X P 800,000 P 820,000 Y 1,400,000 1,320,000 Z 1,320,000 1,280,000 Question 1. If the securities were designated as investment to profit or loss, how much should City Company report as unrealized loss related to the securities in its 2012 profit of loss? Question 2. If the securities were designated as investment to other comprehensive income, how much should City Company report as unrealized loss related to the securities in the statement of comprehensive income? Question 3. If City Company is a medium-sized entity, what amount of unrealized gain or loss should be reported in the company's other comprehensive income? any began business in November of 2011. During the year, Nation Company