During 2009, Arctic Fans & Blowers has invested $ 245 , 000 $ 245 , 000 of

During 2009, Arctic Fans \& Blowers has invested $\$245,000$ of extra cash in securities. Of the total amount invested, $\$115,000$ was invested in bonds that Arctic plans to hold until maturity (the bonds were issued at par); $\$55,000$ was invested in various equity securities that Arctic plans to hold for an indefinite period of time; and $\$75,000$ was invested in the stock of various companies that Arctic intends to trade to make a short-term profit. At the end of the year, the market value of the held-to-maturity securities was $\$108,000$, the market value of the trading securities was $\$52,000$, and the market value of the available-for-sale securities was $\$85,000$. Use the accounting equation to record all adjustments required at year-end and indicate how the effects of each group of securities will be reported on the financial statements.