Union Financial Services Ltd. purchased the following held-for-trading securities during 2014, its first year of operations:

There were no sales of securities during 2014 or 2015.
The market price per share for the held-for-trading security portfolio on December 31, 2014, and December 31, 2015, was as follows:

a. Provide the journal entry to adjust the held-for-trading securities to fair value on:
1. December 31, 2014
2. December 31, 2015
b. Describe the income statement impact from the December 31, 2015, journal entry.