At December 31, 2017 the end of its first year of operations the following lists the securities for Geneva, AG.

Security. cost fair value

a 17800. 16000

b 12200. 14300

c. 22900 18700

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52,900 49,000

Assume that the investments are classified as non-trading securities. The securities are considered to be a long-term investment.

a. prepaare the adjusting entry at December 31, 2017, to report the securities at fair value.

b. Shoowww the statement presentation at December 31, 2017, after adjustment to fair value.