Please journalize and provide bullet points for the letter

E15 At December 31, 2014, the trading securities for Storrer, Inc. are as follows o record fair value, and in Cost Fair Value $17,500$16,000 14,000 21,000 $51,000 12,500 23,000 $53,000 Instructions (a) Prepare the adjusting entry at December 31, 2014, to report the securities at fair value (b) Show the balance sheet and income statement presentation at December 31, 2014 after adjustment to fair value NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells witha " (a) Dec. 31 Account Value Value (b) Balance Sheet Current assets Short-term investments, at fair value Income Statement Section ?? Unrealized loss on trading securities e) E. Kretsinger, a member of the Board of Directons, does not undertsand the Write a letter to Ms. K gains or losses retsinger explaining the reporting and purposes each serve