Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Cost Fair Value Verrizano Corporation bonds $ 64,090 $ 62,720 Preble Corporation notes 45,000 40, 050 Lucerne Company bonds 60, 090 57, 600 QS 15-10 (Algo) Reporting available-for-sale securities on financial statements LO P3 (a) After the fair value adjustment is made, prepare the assets section of Reggit Company's December 31 classified balance sheet. (b) Is the unrealized gain (or loss) on the portfolio of available-for-sale securities reported on the income statement? Complete this question by entering your answers in the tabs below. Required A Required B After the fair value adjustment is made, prepare the assets section of Reggit Company's December 31 classified balance sheet. (Amounts to be deducted should be indicated with a minus sign.) REGGIT COMPANY Assets Section of Balance Sheet December 31 Assets Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Cost Fair Value Verrizano Corporation bonds $ 64, 000 $ 62,720 Preble Corporation notes 45, 090 40, 050 Lucerne Company bonds 60, 090 57, 600 QS 15-10 (Algo) Reporting available-for-sale securities on financial statements LO P3 (a) After the fair value adjustment is made, prepare the assets section of Reggit Company's December 31 classified balance sheet. (b) Is the unrealized gain (or loss) on the portfolio of available-for-sale securities reported on the income statement? Complete this question by entering your answers in the tabs below. Required A Required B Is the unrealized gain (or loss) on the portfolio of available-for-sale securities reported on the income statement? s the unrealized gain (or loss) on the portfolio of available-for-sale securities reported on the income statement?