At the end of the first year of operations, the total cost of the trading securities portfolio is \(\$ 120,000\) and the total fair value is \(\$ 115,000\). What should the financial statements show?

(a) A reduction of an asset of \(\$ 5,000\) and a realized loss of \(\$ 5,000\)

(b) A reduction of an asset of \(\$ 5,000\) and an unrealized loss of \(\$ 5,000\) in the stockholders equity section

(c) A reduction of an asset of \(\$ 5,000\) in the current asset section and an unrealized loss of \(\$ 5,000\) under Other Expenses and Losses

(d) A reduction of an asset of \(\$ 5,000\) in the current asset section and a realized loss of \(\$ 5,000\) under Other Expenses and Losses