At December 31, year 1, Charter Holding Co. owned the following investments in capital stock of publicly traded companies (classified as available-for-sale securities).

		Cost	Current Market Value
L Brands, Inc. (5,000 shares: cost, $44 per share; market value, $52)	$	220,000		$	260,000
The Gap, Inc. (4,000 shares: cost, $42 per share; market value, $39)		168,000			156,000
	$	388,000		$	416,000

In year 2, Charter engaged in the following two transactions.

Apr.	10		Sold 1,000 shares of its investment in L Brands, Inc., at a price of $58 per share, less a brokerage commission of $100.
Aug.	7		Sold 2,000 shares of its investment in The Gap, Inc., at a price of $37 per share, less a brokerage commission of $150.

At December 31, year 2, the market values of these stocks were: L Brands, Inc., $67 per share; and The Gap, Inc., $37 per share.

Prepare the fair value adjusting entry required at December 31, year 2.

f-1. Calculate the amount of marketable securities in the balance sheet at December 31, year 2.

f-2. Calculate the amount of unrealized holding gain (or loss) in the balance sheet at December 31, year 2.

g. Illustrate the presentation of the net realized gains (or losses) in the year 2 income statement. Assume a multiple-step income statement and show the caption identifying the section in which this amount would appear.