$1.$ Prepare Sterling$$s December $31$ year$-$end adjusting entry to report its stock investments with insignificant influence at fair value.

$2.$ After the fair value adjustment is made, prepare the assets section of Sterling$$s December $31$ year$-$end classified balance sheet. Assume Sterling plans to sell its stock investments with insignificant influence within the next two months of the upcoming year.

$3.$ In which income statement section is the unrealized gain or loss on the portfolio of stock investments with insignificant influence reported?