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(9). Raid Company has the following data at December 31, 2021. Securities Cost Fair Value Trading $120,000 $127,000 Available-for-sale 100,000 95,000 The available-for-sale securities are

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(9). Raid Company has the following data at December 31, 2021. Securities Cost Fair Value Trading $120,000 $127,000 Available-for-sale 100,000 95,000 The available-for-sale securities are held as a long-term investment. Instructions Prepare the adjusting entries to report each class of securities at fair value

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