Some of Powderhorn Corporation’s investment securities are classified as trading securities and some are classified as non-trading. The cost and fair value of each category at December 31, 2014, are shown below.

At December 31, 2013, the Fair Value Adjustment—Trading account had a debit balance of $9,200, and the Fair Value Adjustment—Non-Trading account had a credit balance of $5,750.
Prepare the required journal entries for each group of securities for December 31, 2014.

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Trading securities Non-trading securities Cost $93,600 $48,800 Fair Value $94,900 $51,400 Unrealized Gain (Loss) $1,300 $2,600