1. Create a journal entry for when a Trading Security has increased in fair market value by $150,000. Which financial statements are affected and how are the financial statements affected? 2. Create a journal entry for when a Available-For-Sale Security has decreased in fair market value by $85,000. Which financial statements are affected and how are the financial statements affected? 3. What journal entries are required for when a company is changing their accounting policy from LIFO to FIFO?