BE 132: At January 1, 2008, the trading securities portfolio held by the Darin Corporation consisted of the following investments: 1. 2,000 shares of Stitch common stock purchased for $42 per share. 2. 1,500 shares of Marvel common stock purchased for $50 per share.At December 31, 2008, the fair values per share were Stitch $46 and Marvel $54.Instructions(a) Prepare a schedule showing the cost and fair value of the portfolio at December 31, 2008.(b) Prepare the adjusting entry to report the portfolio at fair value at December 31, 2008.