Some of McEleveen Corporation?s investment securities are classified as trading securities and some are classified as available-for-sale. The cost and fair value of each category at December 31, 2012, was as follows.

At December 31, 2011, the Market Adjustment'Trading account had a debit balance of $2,200, and the Market Adjustment'Available-for-Sale account had a credit balance of $7,750. Prepare the required journal entries for each group of securities for December 31,2012.

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Fair Value $84.900 Unrealized Gain (Loss) S(11,400) $ 4,200 Cost Trading securities Available-for-sale securities $96.300 $59.000 $63.200