Question: My answer to question 2 is correct? Thank u QUESTION 2 11 points Anthers Inc. bought the following portfolio of trading securities near the end

My answer to question 2 is correct? Thank u

QUESTION 2 11 points Anthers Inc. bought the following portfolio of trading securities near the end of 2021. Security Cost Fair value 12/31/2021 $ 80,000 $ 84,000 60,000 54,000 22,000 22,000 1) What amount will be reported in the balance sheet for this portfolio at December 31, 2021? 2) Prepare the year end adjusting journal entry if needed. If no entry is needed, state "No entry needed" For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T TT Arial 4 (14pt) T E . E . Answer Question 1: Trading Securities are reported in the balance as current or short-term assets at fair value. The investments are current assets and the fair value is $160,000. Current assets = $84,000 + $54,000 + $22,000 = $160,000 Answer Question 2: "No entry needed"| Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and S

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