The Coca-Cola Company’s December 31, 2013, balance sheet reports investments in trading securities at \($372\) million, with net unrealized gains of \($12\) million.

Required

a. How much did Coca-Cola pay for the trading securities reported on its 2013 balance sheet?

b. Where are unrealized gains and losses on trading securities reported in Coca-Cola’s financial statements?

c. Assume the trading securities on hand at the end of 2013 were acquired during 2013. Prepare the summary journal entries made by Coca-Cola to record events related to these trading securities.

d. Assume the securities are sold for \($370\) million in 2014. Prepare the journal entry to record the sale.