4 Required information (The following information applies to the questions displayed below.) Part 2 of 2 Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. 3.12 points Portfolio of Trading Securities Tesla Bonds Nike Bonds Ford Bonds Cost $15,000 24,000 6,000 Fair Value $11,250 25,200 4,800 eBook Print References (1) After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (2) In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? Complete this question by entering your answers in the tabs below. Required 1 Required 2 After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (Amounts to be deducted should be indicated with a minus sign.) KITTY COMPANY 4 Nike Bonds Ford Bonds 24,000 6,000 25, 200 4,800 Part 2 of 2 (1) After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (2) In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? 3.12 points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 References After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (Amounts to be deducted should be indicated with minus sign.) KITTY COMPANY Assets Section of Balance Sheet December 31 Assets Required 1 Required 2 > Homework-Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Nike Bonds Ford Bonds 24,000 6,000 25, 200 4,800 Part 2 of 2 (1) After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (2) In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? 3.12 points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 References In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? Pequired 1 Porod