At December 31, 2004, Malle Corp. had the following equity securities that were purchased during 2004, its first year of operation: B Cost $100,000 15.000 $115.000 Fair Value $ 60,000 20,000 $ 80,000 Gain (Loss) $(40,000) Trading Securities: Security A Totals 5,000 $(35.000) Available-for-Sale Securities: Security Y Z Totals $ 70,000 85,000 $155.000 $ 80,000 55.000 $135.000 $ 10,000 (30.000) $(20.000) Unrealized All market declines are considered temporary. Fair value adjustments at December 31, 2004 should be established with a corre Income a. $55,000 b. $40,000 Stockholders' Equity $ 0 $30,000 $35,000 d. $35,000 $20,000 $ 0 0000 ABCD