At December 31, 2017, the end of its first year of operations, the trading securities for Geneva, AG are as follows.

security cost. fair value

a chf 17,700 16,300

b 12,300 13,900

c 22700 18,800

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52,700 49,000

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

b.

Show the statement of financial position and income statement presentation at December 31, 2017, after adjustment to fair value.